Scoop: The Biden administration is plotting to make a fresh push on immigration reform in the new year, according to people familiar with the matter.
Photo illustration: Sarah Grillo/Axios. Photos: Jeff Swensen, Brandon Bell via Getty Images
At the same time, top economic aides are concerned that the lack of immigrant workers is leading to labor shortages, which will continue to keep inflation high. “The thing that's underpinning inflation still — that’s driving inflation still — is this tight labor market,” she said. Leading up to next year’s State of the Union, Biden officials will continue to mill and refine the president's 2023 agenda, considering what's legislatively possible and what they need to include to please their progressive base.Inflation has cooled from its June high of 9.1%, with the Consumer Price Index reading 7.1% in November.But wage growth has also accelerated: Average hourly earnings for private-sector workers were up 0.6% in November, translating to a 5.
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