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Asians to become largest US immigrants by 2055

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By NewsGram staff writer

Washington: A study reported that Asians will exceed Hispanic immigrants and will become the largest immigrant group by 2055.

If the current demographic trends continued, Asian immigrants were projected to become the largest immigrant group by 2055 and make up 38 percent of the total foreign-born population by 2065, according to Pew Research Center’s latest analysis published on Monday, reported Xinhua.

While 47 percent of US immigrants are Hispanic as of 2015, the proportion is predicted to drop to 31 percent by 2065, said the Pew report, citing the gradual slowdown of the influx of immigrants from Latin America as the basis for the projection.

The Pew report said that by 2065, Hispanics will still remain a large share of the US population at 24 percent, up from 18 percent in 2015, while Asian immigrants will make up 14 percent of the overall US population, up from six percent now.

As the share of Asian and Hispanic immigrants grows in the coming decades, the proportion of non-Hispanic whites is projected to become less than 50 percent by 2055, which means that no racial or ethnic group will constitute a majority of the US population by then.

 

(With inputs from IANS)

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US Dollar Weakens Amid Gloomy Economic Data

The Australian dollar rose to $0.7105 from $0.7094.

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US Dollar
The dollar index, which measures the greenback against six major peers, fell 0.15 per cent at 96.9817 in late trading. Pixabay

The US dollar declined as the allure of the greenback diminished amid a slew of downbeat economic data.

In late New York trading on Thursday, the euro rose to $1.1299 from $1.1269 in the previous session, and the British pound decreased to $1.2801 from $1.2850 in the previous session, Xinhua news agency reported.

The Australian dollar rose to $0.7105 from $0.7094.

The US dollar bought 110.47 Japanese yen, lower than 110.99 Japanese yen of the previous session. The US dollar was down to 1.0047 Swiss franc from 1.0088 Swiss franc, and it increased to 1.3281 Canadian dollars from 1.3250 Canadian dollars.

US Dollar
The Australian dollar rose to $0.7105 from $0.7094. Pixabay

US retail sales in December fell 1.2 per cent from the prior month, the worst drop in nine years, the Commerce Department reported on Thursday.

The unexpected decline, which came after a downwardly revised 0.1 per cent increase in November, signals a weaker economic momentum.

ALSO READ: US Charges Former Air Force Intel Officer With Spying for Iran

The dollar index, which measures the greenback against six major peers, fell 0.15 per cent at 96.9817 in late trading. (IANS)

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