Looking for job? US searching for foreign workers; hiring needs moderating

The Federal Reserve is raising interest rates aggressively to help lower spending on goods and services and reduce demand for workers, which could in turn soften wage growth

Immigration to the US is rebounding after a sharp two-year slowdown, but the pickup is unlikely to plug the pandemic-induced gap in new arrivals amid persistent employee shortages in industries reliant on foreigners.

Nearly a year after the US reopened its borders, non-American workers are flowing in at a pace just under that last seen in 2019, an analysis by University of California at Davis economics professor Giovanni Peri showed.

But as of June, there were about 1.7 million fewer working-age immigrants living in the US than there would have been if immigration had continued at its pre-2020 pace, he said. About