Here's your summary from Immigration Props Up the Labor Market (https://www.youtube.com/watch?v=2w-c5q2vFCo) on the Bloomberg Television channel:

**TLDR:** Immigration has significantly contributed to balancing the labor market by providing a substantial increase in workforce supply.

1. Immigration has helped rebalance the labor market by adding a significant amount of supply where there was previously a shortage.

2. Strong immigration trends have doubled the steady state of payrolls growth, with programs like the Biden Administration's humanitarian parole bringing in 75,000 people per month.

3. The growth in the labor force is primarily driven by immigration, with the foreign-born labor force growing 11% since February 2020 while the native-born labor force remains unchanged.

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