A mere 376,000 people were let in from 2020 to 2021, the lowest in many years. Then this trend completely reversed in 2022. Travel restrictions subsided and net immigration returned to the pre-pandemic norm of around a million people a year.
Perhaps the most significant change was the strong return of work visas – 543,000 were issued in 2022. The number of job openings in the U.S. is still elevated, and these work visas are an important part of growing the economy by plugging the gaps in the labor market.
An Aging Population
In industries with particularly