The U.S. economy with fewer immigrants

The U.S. economy with fewer immigrants

May 1, 2026 · 6 min

About this episode

The episode discusses the impact of reduced immigration on the U.S. economy and explores federal retirement matching and underemployment.

Last year, more people left the U.S. than moved in — it’s the first time that’s happened in at least half a century. And 2026 is expected to see even more outmigration. Immigrants pay taxes and are a major part of the labor force in construction, agriculture, and healthcare. All of that can have lasting effects on the economy. But first up, we explore federal government retirement matching and dig into underemployment.

Topics covered

Mentioned in this episode

Organizations: federal government

Places: U.S., construction, agriculture, healthcare

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