The Minnesota Demographic Center also points out that a five
percent labor force growth is expected to occur annually through 2045.
Not exact matches
Even with the talent its well - respected universities produce... is Amazon, a company that thinks of
growth in terms of decades, going to locate a headquarters in a place where it might have to hire over 4
percent of the metro area's
labor force with uncertainty over whether that
labor force will ever grow?
«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.
From the supply side, it is hard to imagine that, with 4.1
percent unemployment, the economy can continue creating anything like 200,000 jobs a month, given that normal
growth in the
labor force is about 60,000 people.
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 1960.
Over the past ten years, the Massachusetts's
labor force has grown an anemic 1.5
percent, the 47th lowest
growth rate in the nation.
In a report issued by the Congressional Budget Office (CBO) in January, average GDP
growth was projected to be less than 2.0
percent per year between 2017 and 2020 due to sluggish
growth in the
labor force of 0.5
percent and productivity
growth of less than 1.5
percent per year.