"Net international migration to the U.S. peaked at 2.7 million new entries in 2024, but has since sharply declined. It fell to 1.3 million last summer, according to January census data, and then turned net negative, according to research from Brookings, meaning more people are leaving the U.S. than coming in."
"The private sector has weighed in too, with Goldman Sachs economists reporting last week that immigration policies put in place over the past year have resulted in an 80% decline in net migration relative to the historical average."
"At a time when native-population growth is slowing due to persistently low fertility rates, declining immigration is poised to weigh heavily on labor supply, debt sustainability, and long-term economic growth, with negative effects likely to emerge even in the near term."
The Trump administration's strict immigration policies have dramatically reduced new entries to the United States. Net international migration fell from 2.7 million in 2024 to 1.3 million by summer, then turned negative, with more people leaving than arriving. Goldman Sachs reports an 80% decline in net migration compared to historical averages. Americans are relocating to countries like Portugal, Spain, Netherlands, Germany, and Ireland. This reversal marks the first negative net migration since the Great Depression. Combined with below-replacement native birth rates, declining immigration threatens labor supply, workforce growth, and tax revenue. Economists warn this will widen the deficit and harm long-term economic growth prospects.
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