Immigrant-heavy industries will suffer under a Republican sweep

Trump's proposed immigration enforcement plan would result in a tighter job market and could cause wage and price pressures, with immigrant-heavy industries taking the greatest hit.

% change in projected real GDP growth in Q4 2028 in the event of a Republican Sweep scenario

Mining
0.1%
Financial services
−0.6%
Information
−1.7%
Transportation and utilities
−1.7%
Education/healthcare
−1.9%
Professional/business services
−2.1%
Manufacturing
−4.5%
Leisure/hospitality
−9.2%
Other services
−10%
Construction
−10.9%
Agriculture/forestry/fishing
−11.6%
Chart: AJLabsSource: Moody’s Analytics