Shift or shock? Long-term balance of power in labor markets

Betsey Stevenson, Diane Swonk and Michael Horrigan ()
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Diane Swonk: KPMG
Michael Horrigan: W.E. Upjohn Institute for Employment Research

Business Economics, 2023, vol. 58, issue 2, No 3, 85-96

Abstract: Abstract Despite rapid growth, the aggregate job count remains below its pre-pandemic trend, particularly in service sectors. Participation rates have been depressed, especially among older groups of the population. Lingering COVID-related health care issues and concerns, including care for household members, and softness in compensation relative to inflation are possible factors relating to the softness in the labor force, accentuating the potential benefits of reviving immigration.

Keywords: Labor force; Employment; COVID; Participation rates (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1057/s11369-023-00311-9

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