Sunday - April 5, 2026
Fed: Labor Force Growth, Breakeven Employment, and Potential GDP Growth
April 03, 2026
WASHINGTON, April 3 -- The Federal Reserve issued the following Fed Notes article:

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Labor force growth, breakeven employment, and potential GDP growth

Seth Murray and Ivan Vidangos

Labor force growth has been slowing and could be near-zero starting this year, driven by weak population growth reflecting low net immigration and by declining labor force participation reflecting population aging. Such weak growth in the labor force is unpreced . . .

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