U.S. Real GDP and Labor Force
U.S. Real GDP and Labor Force Is slower economic growth in the United States the new normal? Image: Alpine Macro
U.S. Real GDP and Labor Force Is slower economic growth in the United States the new normal? Image: Alpine Macro
U.S. Labor Force Participation Rate The U.S. labor force participation rate is low amid the coronavirus pandemic and could be a serious obstacle to the economic recovery. Image: Real Investment Advice
Change in Permanent Employment as % of the Labor Force Permanent unemployment is worse than the last two recessions. Image: BofA Research Investment Committee
U.S. Civilians Not In Labor Force To put things into perspective, there currently about 137 million employed workers in the United States, and 102 million Americans are not in the labor force. Image: Deutsche Bank Global Research
U.S. Unemployment Rate – Jobless Claims in the Last Nine Weeks as a Share of Labor Force This chart shows the wave of job losses in the United States. Image: Deutsche Bank Global Research
Debt, Demographics and Labor Force Growth The slowdown in the labor force in the U.S., China, Europe and Japan, represents 62% of the world’s GDP and 69% of the equity market capitalization. The labor force growth is expected to be -1% by 2055. Image: Fidelity Investments
Demographics – Labor Force Growth and Term Premium Chart suggesting that growth in the labor force could explain the term premium. The term premium is the risk premium (or the bonus) that investors receive for the risk of owning longer-term bonds. Image: Fidelity Investments
Demographics – U.S. 10-Year Rate, Labor Force Growth and Nominal GDP Growth Chart suggesting that the current trend in labor force growth and nominal GDP growth points to higher rates. Image: Swedbank Research
Labor Force Participation Rate for 65-69 Year-Olds in Selected Countries This chart shows the huge disparity in employment rates for 65-69 year-olds across different countries. Image: Statista
U.S. Labor Force vs. Inflation The chart shows the enduring link between labor force and inflation. The chart also suggests that U.S. labor force leads U.S. CPI by three years. Demographic trends imply subdued inflation. You may also like “World Population & Demographics – More People Over 65 than Under 5 for the First Time.”…
Civilian Labor Force Growth vs. Inflation since 1962 This chart suggests that civilian labor force growth leads CPI by four years. Image: Bank of America Merrill Lynch