In our recent Economic Letter on “Breakeven Employment Growth” we look at population projections from the Census Bureau and the Congressional Budget Office to estimate the short-term and long-term trends in labor force growth. Naturally, as the working-age population increases, so does the labor force. Job growth needs to keep pace with this expanding labor force to hold the unemployment rate steady. This is the concept of “Breakeven employment growth.”
Watch our latest Economic Letter Video with Nicolas Petrosky-Nadeau, Vice President, Economic Research to learn more about breakeven employment growth and to hear about estimates of short-run and long-run breakeven employment growth.
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