Goldman Sachs report finds 80% decline in immigrant employment for 2026 in comparison to 2010’s

A February 16, 2026, report from Goldman Sachs found that net immigrant employment rates have dropped by 80% in 2026 compared to the 2010’s, as published by Fortune. During the 2010’s, the United States netted an average immigrant employment increase of 1,000,000 people per year. In 2025, that rate fell to a net increase of 500,000, and this year it is expected to fall further to just a net increase of 200,000. The report states that the decline has been caused by President Trump’s anti-immigration crusade of elevated deportations and travel and visa bans. Goldman Sachs cautions that the dramatic decline “is fundamentally altering the nation’s labor supply mathematics and lowering the threshold for job growth needed to maintain economic stability.” Fortune. 

Read Fortune’s reporting on the Goldman Sachs report here.