Arbeitspapier
Employment growth and labor force participation: how many jobs are enough?
This paper demonstrates that, because of declining labor force participation rates, the usual estimates of job creation needed to keep unemployment in check are too high. It is estimated that only 98,000 jobs (rather than the usual goal of 150,000 jobs) need to be created per month to absorb the growing labor force. As the population ages, the labor force will grow even more slowly, and the number of jobs that need to be created will decline. This paper explores the potential implication of this decline in labor force growth on total output along with potential sources of replacement labor to fuel desired growth in the gross domestic product (GDP).
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2004-25
- Classification
-
Wirtschaft
- Subject
-
Erwerbstätigkeit
Erwerbstätigkeit
Arbeitslosigkeit
USA
- Event
-
Geistige Schöpfung
- (who)
-
Hotchkiss, Julie L.
- Event
-
Veröffentlichung
- (who)
-
Federal Reserve Bank of Atlanta
- (where)
-
Atlanta, GA
- (when)
-
2004
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Hotchkiss, Julie L.
- Federal Reserve Bank of Atlanta
Time of origin
- 2004
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