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Data: U.S. State Department via Migration Policy Institute: Note: Including E1, E2, H-1B, H-4, L-1, L-2, O-1, O-2, O-3, TN and TD visas; Chart: Andrew Witherspoon/Axios

Coronavirus has slammed the door on highly skilled foreign workers — amping up President Trump's push to limit American-based companies' hiring of foreigners.

Why it matters: The restrictions and bottlenecks may outlast the pandemic, especially if Trump wins reelection. Economists warn that could slow the U.S. recovery and reduce competitiveness.

  • But critics of high-skilled worker programs say even more should be done to protect U.S. workers.

Temporary visas for those with "extraordinary" ability (O visas), specialty job skills (H-1B, H-4, L visas), or who are trade professionals or investors (E, TN, TD visas) fell from 61,000 in January to less than 500 in April as the pandemic set in and consulates closed, according to an analysis by Migration Policy Institute.

  • Trump then banned entry for most foreign workers outside the U.S., with proclamations in late April and June.
  • Under other Trump policies, denial rates for the popular high-skilled H-1B visas tripled compared to the end of the Obama administration at 29%, the National Foundation for American Policy found.
  • Temporary, high-skilled visas rose from April to around 2,200 in July — still a far cry from the nearly 61,000 issued last July.

What to watch: Last month the State Department announced broad exemptions to Trump's proclamation, which could allow employers to bring in more foreign workers.

  • Restrictions could force companies to move jobs offshore, TechCrunch reports.
  • Others businesses may simply wait longer or decide not to hire if they can't easily get the foreign talent they need.
  • "Most people view immigration as a zero-sum game. An immigrant comes in and an American loses, and that's not at all the way that economists view that issue," said Chad Sparber, an economics professor at Colgate University.

What they’re saying: "It's not so much just bringing the talent into the country," Jon Baselice, U.S. Chamber of Commerce executive director of immigration policy, told Axios. "It's having the talent come here to help start new operations."

The big picture: Between January and May, total temporary and permanent visas issued by the State Department, including for travelers and family members, fell 90%.

  • And officials predict significant drops in overall travel and immigrant visa applications for the next two years compared with 2018, per ProPublica's reporting.
  • "They have literally shut down legal immigration to United States," renowned immigration attorney Charles Kuck told Axios.

Go deeper

Jan 23, 2021 - Politics & Policy

Biden speaks to Mexican president about reversing Trump's "draconian immigration policies"

Mexican President Andrés Manuel López Obrador. Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

President Biden told his Mexican counterpart, Andrés Manuel López Obrador, on a phone call Friday that he plans to reverse former President Trump’s “draconian immigration policies.”

The big picture: The Biden administration has already started repealing several of Trump’s immigration policies, including ordering a 100-day freeze on deporting many unauthorized immigrants, halting work on the southern border wall, and reversing plans to exclude undocumented people from being included in the 2020 census.

Key inflation measure grew slower than expected in June

Illustration: Sarah Grillo/Axios

The price of goods and services rose 0.4% in June, slower than the 0.5% growth during May, according to the core personal consumption expenditures (PCE) price index released Friday morning. The June reading was lower than the consensus expectation for 0.6% growth.

Why it matters: The core PCE is the inflation measure the Federal Reserve watches most closely. June's reading is the second month in a row of decelerated price growth, giving the Fed breathing room to design a pullback strategy from its emergency market support.

2 hours ago - Health

Internal CDC presentation warns: "The war has changed"

Graphic: CDC via The Washington Post

Unpublished research indicates that the Delta variant causes more severe illness and spreads as easily as chickenpox, and that vaccinated people may transmit the strain as easily as those who are unvaccinated, according to an internal CDC presentation obtained by WashPost.

Why it matters: The data played a key role in the CDC's decision to tell vaccinated people to resume masking indoors, with the presentation calling on health officials to "acknowledge the war has changed," The Post reports.