US labor market demographics are shifting fast
Over the past 3 months, the number of foreign-born workers in the US fell by 3.4% — the sharpest drop since 2007 (excluding the 2020 pandemic).
That’s a decline of 1.1 million people, bringing the total to 32.6 million — the lowest since December 2024. This follows a record 5.0% surge (up 1.6 million) in the previous 3 months.
Overall, since 2020, the foreign-born labor force has grown by 6.3 million, or 24%.
Meanwhile, the number of native-born workers rose by 1.8 million (+1.3%) in the past 3 months, hitting a record 138.8 million.