Lower Labor Force Participation Rates and Slower Population Growth Pose Challenges for Employers

Alison Felix and Samantha Shampine

Economic Bulletin, 2022, issue Mar 30, 2022, 4

Abstract: As the nation recovers from the pandemic-induced recession, finding workers to fill job openings has been a headwind for many regions and industries. Although many researchers have pointed to the sharp decline in labor force participation rates as an explanation, the role of population growth over time has received less attention. We examine state and national trends in these measures and show that slower population growth and an aging population may put downward pressure on labor force growth for some time.

Keywords: Labor foce; Population; Job openings (search for similar items in EconPapers)
JEL-codes: J21 (search for similar items in EconPapers)
Date: 2022
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