Immigration and unemployment

When discussing the economy after last week’s interest rate cuts, US Federal Reserve Chairman Jay Powell made an interesting comment about job numbers and immigration. “If you have millions of people entering the workforce and you’re going to create 100,000 jobs, you’re going to see unemployment go up,” he said. Well, mostly. Today on the show, the entire Unhedged newsletter staff—Rob Armstrong and Aiden Reiter—get together to discuss how immigration could affect unemployment. They also go long and short on China’s new stimulus programs.

For a free 30-day trial of the Unhedged newsletter, go to: https://www.ft.com/unhedgedoffer

You can email Robert Armstrong at [email protected] and Katie Martin at [email protected].

Read a transcript of this episode on FT.com

See our accessibility guide.