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US labor chief says poor immigration policy is 'biggest threat' to economy
Labor secretary says immigration ‘biggest threat’ to overall economy
Labor Secretary Marty Walsh reacts to the November jobs report and discusses other factors influencing the 2023 economic outlook.
On the heels of the November jobs report, Labor Secretary Marty Walsh warned of the "biggest threat to the U.S. economy."
"I think the biggest threat to our economy is that we don't have a good, strong immigration policy," he said on "Varney & Co" Friday. "Some people are so focused on the southern border, and that's really not the issue. The issue of immigration is how do we make sure that companies and businesses have the opportunity to employ people."
Employers added 263,000 jobs in November, the Labor Department said in its monthly payroll report released Friday, topping the 200,000 jobs forecast by Refinitiv economists. It marks a slight deceleration from the upwardly revised job gain of 284,000 recorded in October. The unemployment rate, meanwhile, held steady at 3.7%.
US ECONOMY ADDS 263,000 JOBS IN NOVEMBER, BETTER THAN EXPECTED AS HIRING REMAINS SOLID
Secretary Walsh emphasized that businesses and industries would benefit from a strong immigration policy, helping to bring more people into the workforce.