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September 15, 2021

The direction of the labor force participation rate in the next few months and the next few years will provide important insight into the near- and longer-term potential growth rate of the economy.

For several weeks, we have been writing about trends in the labor market and the importance of monitoring the labor force participation rate.  The labor force participation rate has not changed in the last year and is well below the January 2020 level (61.7% vs. 63.4%).  Source: FRED. The expectation of most economists is that...
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