> Panel B shows that the decrease in UIWF during the slowdown period had particularly large effects in construction, manufacturing, and other services. Because UIWF was slowing in most places, this result implies that, on average, places experiencing the biggest slowdowns in unauthorized immigration saw the biggest slowdowns in employment growth in construction, manufacturing, and other services. The effect for the construction sector is particularly notable, because it suggests that falling UIWF in recent months could be slowing residential construction and hence slowing down the growth of housing supply.

Reducing the number of immigrants is going to surprise a lot of people when they spend more for the same things.