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Employment Growth and Labor Force Participation: How Many Jobs Are Enough?: A Reprint from the “Economic Review”
Public concerns about the “jobless” recovery follo

Our Price: $15.00
By Julie Hotchkiss (au)
Year: 2005
Pages: 13
Binding Paperback

Product Code: 1422319962

Public concerns about the “jobless” recovery following the 2001 recession have centered on whether enough jobs will be created for those who want to work. But, how many jobs are needed to sustain desired growth in overall economic output. This analysis considers how  many jobs are needed to keep unemployment in check & whether the current rate of job creation is enough to fuel optimal gross domestic product growth. Examines the decline in the labor force participation rate that has occurred since the late 1990s. Part of the decline is a response to fewer job opportunities as a result of the recession. The decline suggests other, non-cyclical factors may be at play & are likely to be compounded by baby boomers entering retirement age. Illustrations.

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