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The U.S. hit an unexpected milestone in 2025—the first time in over 50 years, net migration turned negative. Fresh data shows the country lost more people to outbound migration than it gained from new arrivals. This demographic shift marks a significant turning point in American migration patterns and could have broader implications for economic growth, labor markets, and investment landscapes. Such structural changes in population dynamics often ripple through asset markets and deserve attention from those tracking macro trends.