摩根士丹利：移民减少将影响美国劳动力参与率

Core Viewpoint - Morgan Stanley indicates that a reduction in immigration will impact the U.S. labor force participation rate, potentially leading to a "chilling effect" on the participation rate of foreign-born individuals [1] Group 1: Labor Market Impact - The reduction in immigration is expected to lead to decreased working hours and may affect overall labor force participation [1] - If the average overall participation rate declines, the employment growth breakeven needed to maintain a stable unemployment rate will be lower [1] Group 2: Economic Growth Projections - Analysts estimate that the potential growth rate of the U.S. economy will decrease from approximately 2.5%-2.7% during 2022-2023 to 2.1% [1]