Economists at the Federal Reserve Bank of New York expect slower, trend-like growth this year due to the drag created by government taxation and spending policies, and project things will speed up next year.
The share of workers in the labor force born outside the U.S. hit 16.1% last year, from 15.9% in 2011 and 15.5% in 2009 -- having dipped during the recession.
The class of 2013 entered college just as the economic recovery was beginning in June 2009, but while their job prospects are better than other recent graduates, their debt burden is heavier.
