{
  "id": 10293223,
  "title": "Barclays sees lasting labor-market pressures as immigration slows, population ages",
  "url": "https://urgent.news/2026/09/27/barclays-sees-lasting-labor-market-pressures-as-immigration-slows",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-27T20:52:35.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/barclays-sees-lasting-labormarket-pressures-as-immigration-slows-population-ages-4919127"
  },
  "original_language": "en",
  "account": "Barclays has highlighted ongoing labor market challenges due to reduced immigration and an aging population. The firm's analysis suggests that labor participation is declining, and the combination of slowing immigration and population aging will likely continue to pressure the labor market. Barclays' estimates, derived from CPS microdata, reveal a sharper deterioration in labor supply compared to official labor-market aggregates. Population aging and shrinking noncitizen population share are contributing to the issue through composition effects, while retirements, home and family care, and other factors are increasingly depressing participation within demographic groups. Barclays predicts that while the pace of deterioration may moderate, the consequences for the labor market and the Federal Reserve will be significant. The firm's projections suggest that payroll growth could remain at or below zero for an extended period if actual labor-force growth is weaker than expected. This scenario could help sustain labor-market tightness and wage pressures, even with modest job gains. Barclays notes that recent noncitizen labor-force growth has declined sharply, while labor-force gains among native-born citizens have remained relatively steady, though foreign-born citizens' growth has slowed. The firm believes that demographic and behavioral factors are driving the labor-force growth slowdown, and neither factor is likely to reverse significantly.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}