Labor Market Outlook

Labor Market Outlook for 2017 and 2018 in US – The employment shortfall will shrink CBO says

CBO expects slack in the labor market to disappear over the next two years, as the growth of aggregate demand increases the demand for labor, eliminating the shortfall between actual and potential employment by the end of 2018 (see the figure below). That estimate is the effect of two expected developments. First, the gap between … Continue reading →