Employers benefit from lower overhead, greater productivity, and heightened morale from a labor force that no longer sees work as a mere place to go, but as an integral part of a life lived on their terms.
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If we adjust the unemployment numbers to a labor force participation rate of 65.8% (which is likely what was assumed by Romer and Bernstein), then we see that the unemployment rate actually peaked at the equivalent of 11.7% in July 2011.
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The current situation is far different, with unemployment falling because of a declining labor force participation rate and a decline in the size of that labor force.
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It takes much more than a large labor force and a dose of markets to assume the leadership of the global economy.
The bottom line: It takes much more than a large labor force and a dose of markets to become No 1 in the global economy.
The bottom line: A large population, a large labor force, and a dose of markets may be the necessary condition for leading the global economy.
December's decline is largely a result of a shrinking labor force, Karl says, and a string of large increases in payrolls (say 200, 000 or so monthly) could just as easily send the number higher as more discouraged workers resume looking for employment.
The country also boasts a cheap labor force, with even higher literacy rates than Myanmar.
When a nation has more people than any other country in the world, it's got a huge labor force.
The tax created a cheap labor force for the whites who owned the coal mines and the diamond mines and the mills.
The country ticks reliably with a skilled labor force, strong exports of high value added products and disciplined monetary and fiscal constructs.
The final revision to the second quarter GDP report downgraded real growth to 1.3%, a rate insufficient to produce an adequate number of jobs for a growing labor force.
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As a city's economy tilts toward technology, it can result in a large jump in productivity but also a shrinking labor force, given the added productivity tends to require fewer workers.
The main conclusion from this demographic work is that, barring a new increase in female labor force participation or a significant increase in the growth rate of the population, these demographic factors point towards a further decline in trend growth of employment and hours in the coming decades.
The Bureau of Labor Statistics reported unemployment fell to 7.7% from 7.9%, but the drop was at least partially attributable to a decline in labor force participation, Baker says.
Aside from its rapid growth, the company has another attractive aspect for shareholders: low costs, achieved through a largely foreign labor force and taking advantage of offshore tax incorporations.
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force.
In addition to empowering girls and women to get trained on technology in preparation for the jobs of the future, initiatives like this also help companies reach new levels of innovation with a more diverse labor force and promote growth of the global economy by filling unmet need for ICT-skilled workers.
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The economic consequence will be either higher unemployment, a further decline in the labor force participation rate, or a combination of the two.
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According to the report, just a third of the drop in labor force participation came from those who still wanted a job and only 15% of those folks are of prime working age, 25 to 54.
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Today, the masons train apprentices, and the project has resulted in hundreds of dwellings that have been built by a qualified, local labor force.
This means a low 7%ish headline unemployment rate, a stabilization in the labor force participation rate (which may have already begun in April) and accelerating GDP growth.
In theory, the North offers a cheap, disciplined labor force.
May traditionally sees a jump in the labor force because of all the new graduates entering the job market, but this was not this case last month as 286, 000 workers left the labor market tally.
Jacksonville is another example of city with a diverse and highly educated labor force.
But what about those high-tech industries that demand a highly educated and skilled labor force?
Payroll employment rose significantly in March, and the unemployment rate remained constant despite a substantial increase in the labor force.
With national unemployment already at 6.1%, a reduction in the potential labor force might provide some relief to communities hit particularly hard by the downturn.
Meanwhile, labor observers are worried if the boycotts would affect employment of Chinese workers as Japanese factories in general are a big employer of Chinese labor force.
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Given that people who move to Russia tend to be of working age, the working age population has stabilized in contrast to earlier expectations of a rapid contraction in the labor force.
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