Just over two years ago, as the world was confronting the COVID-19 pandemic, the United States hit a record unemployment rate of 14.7 percent. Since then, the U.S. labor market rebounded as everyday life has mostly returned to normal. But digging into the latest unemployment data reveals a thought-provoking trend that should have sweeping implications for U.S. immigration policy. In short, many high-tech, high-skilled industries rebounded from historic unemployment so quickly that they now face labor shortages.
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