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Updated Chicago Fed Estimate of the Trend Labor Force Participation Rate
Abstract: We updated the Chicago Fed estimate of the long-run trend rate of labor force participation, or trend LFP rate, to use data from 1982 through 2023 and to incorporate information about the age of children in the household. See Aaronson et al. (2014) for more information about the general approach to estimating the trend LFP rate.
Keywords: Labor;
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Provider: Federal Reserve Bank of Chicago
Publication Date: 2024-07