Strong Jobs, More Housing: How Immigration Will Boost US Economy

The recent surge in immigration to the US has led many economists to boost their forecasts. Now they’re looking for more signs of its impact in the data.

Growth in employment has continually surprised to the upside in recent years, running at a pace formerly deemed as unsustainable. Economists have coalesced around population growth as a key explanation after a recent Congressional Budget Office report estimated higher immigration than previously thought.

With over a million people entering the country each year, it stands to reason that a bigger population will increase demand for housing and a wide range of other ...