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1st Apr 2025 08:58USDaily Monitor

  • Border Patrol encounters have fallen to zero, but unauthorized immigration likely will rebound soon.
  • ICE arrests have risen only slightly; the hit to labor force growth so far is modest.
  • A shrinking wage growth premium for job switchers suggests lower core services inflation ahead. 

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Keywords for: 3 April 2025 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence