Sentences with phrase «stronger labor force growth»
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.
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Demographics patterns in the U.S. today do not support strong gains in the working age population and labor force without changes in immigration rates, while productivity growth has been stubbornly weak.
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.