Daly: Job Growth Slowdown Driven by Reduced Labor Demand, Not Immigration Policies

San Francisco Fed President Mary Daly has challenged the notion that the recent slowdown in U.S. job growth is solely due to tighter immigration policies. Instead, she highlights a decline in labor demand as a primary driver of this trend. According to Daly, who recently published an article on the subject, slowing wage growth and reduced monthly job additions point toward businesses requiring fewer workers than before. This view contradicts the prevailing narrative that stricter immigration policies under President Trump’s administration are solely responsible for employment challenges. )