Sentences with phrase «on labor force growth»

While the assumptions about the future unemployment rate may be affected by policy, the fact is that slower U.S. population growth, coupled with an aging population, place substantial limits on labor force growth, which will leave U.S. GDP growth almost entirely dependent on changes in productivity.

Not exact matches

On Wednesday, the OECD said immigration had accounted for one - half of U.K. GDP growth since 2005, resulting in a stronger labor force growth and helping ameliorate the challenge of an ageing population.

We do know that reduced labor force participation will be a drag on growth.

Based on estimates of labor force and productivity growth at the time, if you asked a standard - issue macroeconomist back then where real GDP would be today, this is the line she would have showed you.

By 2015, analysts had significantly marked down GDP growth, based on the fact that the labor force had contracted more than they thought back in 2007 and productivity growth was slower.

Improved management and automation enables production with fewer people Falling need for labor inputs means that labor force and labor productivity growth are not the constraints on production growth they once were.

Of the other MINTs: Indonesia is in a stable recovery, but the importance of commodities like coal and palm oil means it will not return to previous growth levels soon; Nigeria's economy remains overdependent on oil, though Phylaktis sees its «fast - growing population and labor force feeding faster economic growth over the medium term»; and while «Turkey has a lot of potential,» Lau says, «its political and economic management is questionable and casts a shadow over the economy.»

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.

«The only way to get to 3 percent growth on a sustained basis is faster growth of the labor force or faster growth of productivity.

Economic growth depends largely on the size of the population in the labor force, making the steady wave of baby boomer retirees cause for concern.

Recent work in which Dennis Kimko and I have been engaged has looked closely at the size of the impact of labor force quality, as measured by tests of cognitive ability, on the economic growth of countries.

On work, Murray notes the great increase in the percentage of the population on disability payments, from under 1 to more than 5 percent of the labor force, and the growth in the number of prime - age males who are not in the labor force, contrasted with almost all in the labor force in 196On work, Murray notes the great increase in the percentage of the population on disability payments, from under 1 to more than 5 percent of the labor force, and the growth in the number of prime - age males who are not in the labor force, contrasted with almost all in the labor force in 196on disability payments, from under 1 to more than 5 percent of the labor force, and the growth in the number of prime - age males who are not in the labor force, contrasted with almost all in the labor force in 1960.

Additional downward pressure on the unemployment rate is likely to occur in the coming months as job growth continues to exceed labor force growth.