Page One Economics

Page One Economics - May 2014

Page One Economics Newsletter are simple, brief essays on current economic topics for the general public, librarians and students. This publication includes links to relevant data and articles, and is published five times per year.

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PAGE ONE Economics America is a nation of immigrants. Currently, immigrants make up about 13 percent of the overall population, which means about 40 million people living in the United States are foreign born. 1 Indeed, nearly all Americans have an immigration story in their family history. Yet, despite their history and a culture of immigration, Americans have mixed feelings about whether the country should keep its welcome mat out on the doorstep. A 2014 Gallup poll reports 72 percent of Americans believe immigration is a good thing, but 36 percent would like to see the level of immigration decrease. 2 Economists, who focus on economic costs and benefits, are generally more supportive of immigration than the general public. The Economics of Immigration: A Story of Substitutes and Complements Scott A. Wolla, Senior Economic Education Specialist "Give me your tired, your poor, your huddled masses yearning to breathe free."—Emma Lazarus NEWSLETTER the back story on front page economics May ■ 2014 NOTE: The share of the labor force that is foreign born has increased over time. Although the share dropped during the most recent recession (15.1 percent in February 2009), the share had increased to 16.3 percent as of March 2014. The gray bar indicates the 2007-09 recession as determined by the National Bureau of Economic Research. SOURCE: FRED (http://research.stlouisfed.org/fred2/graph/?g=wrF). Percentage of U.S. Labor Force That Is Foreign Born

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