The expiration of Temporary Protected Status for hundreds of thousands of immigrants could significantly impact the August employment report. Many of these individuals were in the labor force and firms were compelled to let them go. This situation may lead to a negative payroll number without an increase in the official unemployment rate. Healthcare and leisure/hospitality sectors are expected to be most affected by these job losses. The Bureau of Labor Statistics lacks a specific method to track these types of layoffs.
United States
https://kpmg.com/us/en/articles/2026/august-2026-employment-primer.html