Immigrants, jobs and inflation

Immigration has helped the U.S. job market sustain a strong run in recent months without reigniting inflation, economists and analysts say.

As CNBC’ Rebecca Picciotto writes, the U.S. economy added a whopping 272,000 jobs in May, but the consumer price index was unchanged. This dynamic — a hot job market and cooling inflation — is in part the result of increased inflows of immigrants. Recent spikes in immigration at the southern border and elsewhere in the U.S. have helped keep the labor pool full even as job gains kept apace.