That type of labor force growth tends to generate higher inflation. (mfs.com)
Looking back at the 1960s and the 1970s, labor force growth rates increased at a very healthy clip, around 2 % — 3 % annually. (mfs.com)
That reflects both slower labor force growth (some of which is demographics but some of which is weak labor demand) and our most serious outstanding economic problem, very slow productivity growth. (jaredbernsteinblog.com)