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Trump crackdown drives 80% plunge in immigrant employment, reshaping labor market, Goldman says [View all]
ECONOMY • IMMIGRATION
Trump crackdown drives 80% plunge in immigrant employment, reshaping labor market, Goldman says
By Nick Lichtenberg
Business Editor
February 17, 2026, 5:11 PM ET
A sweeping crackdown on immigration in President Donald Trump’s second term, characterized by elevated deportations and strict new visa bans, has precipitated an 80% collapse in net immigration to the U.S., according to a new analysis by Goldman Sachs. The report, released Feb. 16, warns the dramatic contraction in the flow of foreign-born workers is fundamentally altering the nation’s labor supply mathematics and lowering the threshold for job growth needed to maintain economic stability.
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Trump crackdown drives 80% plunge in immigrant employment, reshaping labor market, Goldman says
By Nick Lichtenberg
Business Editor
February 17, 2026, 5:11 PM ET
A sweeping crackdown on immigration in President Donald Trump’s second term, characterized by elevated deportations and strict new visa bans, has precipitated an 80% collapse in net immigration to the U.S., according to a new analysis by Goldman Sachs. The report, released Feb. 16, warns the dramatic contraction in the flow of foreign-born workers is fundamentally altering the nation’s labor supply mathematics and lowering the threshold for job growth needed to maintain economic stability.
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