Sentences with phrase «productivity of the labor force»

Its deceleration between 1972 and 1999 was offset by a broad acceleration in potential productivity of the labor force during these years.

Not exact matches

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.

Potential economic growth is going to slow dramatically over the coming years because of slowing growth in the labor force, due to growing demographic trends, and continued poor productivity performance.

And the Council of Economic Advisers announced that policies such as work flexibility «lead to higher labor force participation, greater labor productivity and work engagement, and better allocation of talent across the economy.»

Since the 1940's, the 8 - year growth rate of U.S. labor force productivity has rarely exceeded 3 %, and the recent trend has been progressively lower.

It would mean that German industrialists and their government allies, who have attempted to grow not by investing in productivity but by forcing German workers and their European partners to subsidize their unit labor costs, after having caused huge damage to peripheral Europe's balance sheets and European workers everywhere, including in Germany, will now pass the cost onto the rest of the world.

At a 4.1 % unemployment rate and labor force growth now down to about 0.5 %, the baseline expectation for real GDP growth in the coming years is approaching just 1 % (0.5 % labor force growth plus productivity growth of about 0.5 % annually).

[158] Other causes include the rise in non-cash benefits as a share of worker compensation (which aren't counted in CPS income data), immigrants entering the labor force, statistical distortions including the use of different inflation adjusters by the BLS and CPS, productivity gains being skewed toward less labor - intensive sectors, income shifting from labor to capital, a skill gap - driven wage disparity, productivity being falsely inflated by hidden technology - driven depreciation increases and import price measurement problems, and / or a natural period of adjustment following an income surge during aberrational postwar circumstances.

«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.

Businesses are allocating capital more efficiently; the labor force is retooling its skills for the new economy; and technological innovation continues to push the limits of human productivity.

The consequences are a reduction in America's labor force productivity, future increases in spending on the social safety net, and a loss of tax revenue.

The subpar growth reflects weak productivity growth, which has averaged less than 1 % over the past five years, and a low rate of labor force participation that remains at levels last seen in the 1970s.

In a report issued from the Congressional Budget Office (CBO) in January, average GDP growth was projected to be less than 2 % per year between 2017 and 2020 due to sluggish growth in the labor force of 0.5 % and productivity growth of less than 1.5 % per year.

The Congressional Budget Office (CBO) estimates that during the 1950 — 1973 period, the labor force grew 1.6 % per year, while labor productivity grew at a strong 2.4 % rate, resulting in overall potential growth of 4 % annually.

These conditions are associated with a wide range of health issues, including unintentional injuries, respiratory illnesses like asthma and radon - induced lung cancer, lead poisoning, result in lost school days for children, as well as lost productivity in the labor force.

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.

By definition, output growth is the sum of productivity growth and labor force growth.