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Home>Impulse Response for the Labor Market

Impulse Response for the Labor Market

Perspectives Content Submission

Mon, 13 Sep 2010

Except for a burst of census hiring that briefly pushed payroll growth above trend during the second quarter of this year, job growth has been perpetually below trend over the past two years. During the post-war period, the civilian labor force has historically grown at about 0.15% each month, whic

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