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White House says shrinking labor force hurting economy

The government should enact policies that will boost the number of workers, including reworking immigration laws, a White House report says.

By Roger Runningen | Updated on July 17, 2014

July 17 (Bloomberg) — The declining number of people in the U.S. who are part of the labor force is a drag on the economy and the government should enact policies that will boost the number of workers, including reworking immigration laws, a White House report says.

“In the long run, the growth rate of the labor force underpins the growth rate of employment, which, along with productivity growth, is a key determinant of the growth rate” of the economy, according to the White House Council of Economic Advisers, led by Jason Furman.

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