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The Economic Impact of Immigration A ugust 10, 2004 Rob Grunewald, Regional Economic Analyst Phil Davies, Staff Writer Federal Reserve Bank of Minneapolis.

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Presentation on theme: "The Economic Impact of Immigration A ugust 10, 2004 Rob Grunewald, Regional Economic Analyst Phil Davies, Staff Writer Federal Reserve Bank of Minneapolis."— Presentation transcript:

1 The Economic Impact of Immigration A ugust 10, 2004 Rob Grunewald, Regional Economic Analyst Phil Davies, Staff Writer Federal Reserve Bank of Minneapolis

2 Additional Resources Region Magazine fedgazette minneapolisfed.org

3 Feds Duties Payment Systems Safety and Soundness Monetary Policy

4 Economic Impact of Immigration in Minnesota Immigrants fill job openings that would likely go unfilled. Social services for immigrants are investments, not just transfers.

5 Total (1000s) and Percent of Population Foreign Born, 2000 This will be a U.S. state map.

6 Minnesota Foreign Born Population, 2000 Total: 260,463 Percent of Population: 5.3 Change 1990-2000: 130%

7 United States Foreign Born Population, 2000 Total: 31,107,889 Percent of Population: 11.1% Change 1990-2000: 57.4%

8 Wisconsin Foreign Born Population, 2000 Total: 193,751 Percent of Population: 3.6% Change 1990-2000: 59%

9 South Dakota Foreign Born Population, 2000 Total: 13,495 Percent of Population: 1.8 Change 1990-2000: 75%

10 Top Ten Immigrant non-MSA Counties in Minnesota

11 Top 10 immigrant non-MSA counties Larger population Higher percent of employment in manufacturing Slightly higher levels of per capita personal income Compared with rest of non-MSA counties

12 Population Growth, 1990-2000 Minnesota Counties

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14 Possible Effects of Immigration on Labor Markets Displace native born workers Depress wages

15 Similar changes in unemployment rates from 1990 to 2000.

16 Income growth is also similar.

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18 Immigrant labor has been a key, key factor in our success in keeping up with demand. -- John Swedeen President of StarMark, Sioux Falls

19 American kids dont want to take those jobs; they leave for the [Twin] Cities. -- Zoltan Grossman University of Wisconsin-Eau Claire

20 Foreign born population has strong need for social and educational services.

21 However, poverty rates of top immigrant non- MSA counties fell at similar pace as MSAs.

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23 My great grandfather had access to a Norwegian newspaper through the county, just as Im trying to provide Somali newspapers on the computers for our Somali immigrants. For me its giving back…immigration is part of who we are, and this is just another point on the timeline. -- Pam Westby Director of Pelican Rapids Public Library

24 Economic Impact of Immigration in Minnesota Immigrants fill job openings that would likely go unfilled. Social services for immigrants are investments, not just transfers.

25 QUESTIONS

26 Per Capita Personal Income, 2000 Minnesota Counties


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