“If you think shrinking government and getting it less involved in your life is a hallmark of tyranny it is only because you are either grotesquely ignorant or because you subscribe to a statist ideology that believes the expansion of the state is the expansion of liberty.” - Jonah Goldberg
Tuesday, January 16, 2018
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Shrinking jobs numbers and unemployment are in the news, but what is the story behind these numbers? The following discussion digs a bit deeper into the current ― and future ― job market and employment situation in the U.S.

What is the expected average number of entrants into the job market 2012-2020? About 1 million new people will enter the labor force each year between now and 2020. Slower population growth and a decreasing overall labor force participation rate are expected to lead to slower civilian labor force growth from 2010 to 2020: 0.7 percent annually, compared with 0.8 percent for 2000-10, and 1.3 percent for 1990-2000. The projected 0.7 percent growth rate will lead to a civilian labor force increase of 10.5 million by 2020.

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