Search
- Blog Post
This morning I testified before the Senate Budget Committee on policies to promote economic growth and employment in 2012 and 2013.
- Blog Post
Last week CBO released its annual summer update of its budget and economic outlook.
- Blog Post
In 2009, about 39 million foreign-born people lived in the United States, making up more than 12 percent of the U.S. populationthe largest share since 1920. Naturalized citizens (foreign-born people who have fulfilled the requirements of U.S. citizenship) accounted for about 17 million of the total. Noncitizens (foreign-born people authorized to live and work in the United States either temporarily or permanently and people who are not authorized to live or work in the United States) accounted for about 22 million of the total.
- Report
This document is the latest in CBO's series on immigration.
- Blog Post
Each year CBO examines many developments that could have short- or longer-term consequences for the budget and the economy. During the decades to come, one such development is expected to be a slower rate of growth of the labor force relative to the average growth rate of the past few decades. That slowdown is anticipated to occur primarily because of the aging and retirement of large numbers of baby boomers and because women’s participation in the labor force has leveled off since the late 1990s after having risen substantially throughout the three decades before that.
- Report
In coming decades, one development that could have short- or longer-term consequences for the budget and the economy is expected to be a slower rate of growth of the labor force relative to its average over the past few decades.
- Data and Technical Information
- Blog Post
Migrants’ remittances—payments sent by foreign-born workers back to their home country—have become a significant source of monetary inflows for many countries. As one of the most important destinations of global migration, the United States is the single largest national source of remittances. The flow of remittances can affect economic growth, labor markets, poverty rates, and future migration rates in the United States as well as in recipient countries.
- Report
This document updates and expands upon CBO's previous analysis of remittances—Remittances: International Payments by Migrants (May 2005)—and presents data through 2009.
- Blog Post
Wages are a key component of the overall economic well-being of individuals and families. Hourly wages and hours worked determine an individuals earnings, and for most nonelderly adults, earnings constitute the bulk of their familys income. A CBO study released today, prepared at the request of the chairman and former ranking member of the Senate Finance Committee, documents changes in the amount and distribution of hourly wages received by workers in the United States between 1979 and 2009.