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July/August 2009, 
Vol. 91, No. 4
Posted 2009-07-01

Trends in the Aggregate Labor Force

by Kenneth J. Matheny

Trend growth in the labor force is a key determinant of trends in employment and gross domestic product (GDP). Forecasts by Macroeconomic Advisers (MA) have long anticipated a marked slowing in trend growth of the labor force that would contribute to a slowing in potential GDP growth.