I think the United States does seem to be near full employment based on the traditional economic definition. |
It is hoped for going forward that ... a similar catch-up will happen. The underlying strength of the U.S. labor market suggests it will. |
Male labor force participation rates are expected to continue to gently decline as they have for quite some time. Female labor force participation rates, which had been increasing for decades in the U.S. economy, have probably reached their peak and if anything may start to fall back. |