Not only will they represent an important part
of the labor force in the near future, but they will also be the parents of an important proportion of the new generation of citizens.
As noted above, student achievement, which provides a direct measure of later
quality of the labor force, is strongly related to economic growth.
For this reason, economists prefer to rely on the participation
rate of the labor force, measuring the percentage of the population that's either working or actively looking for a job.
Although the
share of the labor force enrolling in college increased modestly in the 1990s, college graduation rates remained essentially flat.
A topic of intense debate among economists is what the
size of the labor force would be absent the effects of the great recession.
Women now make up nearly
half of the labor force, and the most dramatic increase has been among women with young children.
The unemployment rate is the
percentage of the labor force that is willing and able to work, does not currently have a job, and is actively looking for work.
Developed cell lay - out for maximum production requirements with best possible
utilization of labor force directed at one piece flow.
Economic growth is the
result of labor force growth and demographic trends, productivity advances, and capital formation (the availability of capital per worker).
Similar to the way college education was perceived as «the answer» two generations ago, we must find a way to change the
mindset of the labor force.
The direction of this interaction is ambiguous, depending on whether the absolute or relative costs of temporarily dropping
out of the labor force are more costly for highly or less - educated workers.
No less important is the overall relationship between the
quality of the labor force, as measured by tests of cognitive skill, and economic growth.
And new approaches to teacher training will enable them to get better results with
half of the labor force and student assistance.
Depending on whom you ask, this number is either right around what is needed to keep up with the
growth of the labor force or a touch above it.
Keep in mind that some employers still prefer employing this
type of labor force and boost it through some form of refresher course or in - house training.
Using local estimates
of labor force participation by gender and parental status from the U.S. Census Bureau, and weighting the estimates by the population of parents in each census tract, this analysis compares parental labor force participation between child care deserts and nondeserts.
This means that universal pre-K can be more easily scaled up to have truly large effects on the overall quality
of the labor force of a state or of the nation, and thereby to have truly large effects on overall economic development.
Recent CBO
estimates of labor force growth are now 0.5 %, and the CBO puts productivity growth at 1.4 %, creating potential GDP growth of 1.9 % for the 2016 — 2026 period.
Meanwhile, the overall share out
of the labor force because they're discouraged, have family responsibilities, transportation problems, illness, or a disability has stayed flat at around 1 % since the BLS started asking this question in the current form in 1994, they add.
In his State of the Union in July, he said the law will let poor people adequately care for their children, «eventually making [those children] more productive
members of the labor force.»
In modern technological societies a diminishing
proportion of the labor force is occupied in the production and distribution of material goods — that activity which was the economic base of the old capitalist class or bourgeoisie.
At - Home Dads — According to 2012 estimates, 189,000 married fathers with children younger than 15 have remained out
of the labor force for at least one year primarily so they can care for the family while their wife works outside the home.
A key feature of this analysis is that we built in realistic patterns of
movements of the labor force across U.S. states and of the dynamics of school improvement.
Not only are the figures for women - owned companies very low, relative to the female
fraction of the labor force, but also the growth of women's business ownership seems to be greatest among non-employer businesses, which have little economic impact.
LaVorgna and his colleagues came up with a hypothetical
model of labor force participation to capture demographic vs. non-demographic factors.
Ken Moelis, CEO of investment bank Moelis & Co., told CNBC that while changes in technology might be disruptive, they aren't necessarily going to wipe out
swaths of the labor force.
Fourth, declining marriage rates are likely to raise rates
of labor force withdrawal given that non-work is much more common for unmarried than married men.
True, our unemployment rate is biased down due to the weak
performance of labor force participation and still - elevated underemployment, but as I've extensively documented, the US job market has been tightening up for awhile, driven by solid employment growth, now averaging around 200,000 / month.
While this is a particularly good sign for hard - to - employ workers, it also highlights a potential future problem: the supply of workers
outside of the labor force and willing to reenter the labor market will become a constraint over time.5
One could make a case that a diversion of labor's wage revenue into the stock market might well be perverted into speculative lending and even
downsizing of the labor force and a cutback in long - term research and development projects rather than promoting new direct investment and hiring.
In our
survey of the labor force, only 11 percent said they understand «very well» how our economic system works, and even among those who said they had thought a great deal about their responsibility to the poor only 18 percent said they understand it very well.
Phrases with «of the labor force»