
U.S. Population Momentum Weakens as Immigration Falls Short
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Implan analysis links recent population shortfall to roughly $104 billion hit to U.S. economic output
Implan’s model finds about a $104 billion reduction in U.S. GDP tied to a sharp fall in new resident arrivals between 2024 and 2025, driven largely by lower immigration. The shortfall translated into roughly $86 billion less household consumption and the loss of demand sufficient to support about 741,500 jobs, with outsized effects for sectors dependent on new household formation and migrant labor.

Immigration Crackdown, Tariffs and Automation Are Cooling U.S. Labor Demand
Interior immigration enforcement, declining net migration and rising trade barriers have removed workers and consumers from local economies, cooling hiring even as some new roles went to native-born workers. Demographic slowdown and a “low‑hire, low‑fire” corporate stance — highlighted by economists’ employment indicators — suggest weaker hiring momentum that will push firms toward automation and complicate fiscal and regional planning.

