Briefing
Projecting Unemployment and Demographic Trends
Abstract: Demographic forces have profoundly shaped the dynamics of U.S. labor force participation and unemployment over the past forty years. Recognizing the importance of these employment indicators for the conduct of monetary policy, this Economic Brief explores how they have been influenced by the U.S. population's changing gender, educational, and age profile. Based on the authors' estimates, the trend U.S. unemployment rate will decline to 4.3 percent over the next ten years as the population continues to age and increase its educational attainment.
Keywords: full employment; labor markets; lfp; labor force participation; unemployment;
Access Documents
File(s):
File format is text/html
https://www.richmondfed.org/publications/research/economic_brief/2019/eb_19-09
Description: Full text
Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2019
Issue: September