Employment growth and labor force participation
Subtitle: how many jobs are enough?
By: Julie L. Hotchkiss.
Contributors: Federal Reserve Bank of Atlanta.
Series: Working paper series / Federal Reserve Bank of Atlanta ;; 2004-25; Working paper series (Federal Reserve Bank of Atlanta : Online) ;; 2004-25.
Publisher: Federal Reserve Bank of Atlanta
Published: 2004
Place of publication: [Atlanta, Ga.]
Language: eng
Format: Electronic resource
Description: "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)"--Federal Reserve Bank of Atlanta web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 2/18/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.