The economic legacy of the Biden immigration surge

Roughly 6.5 million migrants entered the U.S. outside usual legal pathways from 2021 to 2024, adding about 1.6 million jobs across major metros, or 18% of employment gains, according to new research presented at Brookings. The influx boosted growth with little disruption to native-born workers but added to rent inflation. Net migration has since fallen to near zero.