A study released by the San Francisco Fed shows that the surge in the U.S. labor force in recent years may have pushed the number of new monthly jobs needed to avoid rising unemployment to about 230,000。The paper's authors write that an increase in "add-and-drop balance" growth is likely not the new normal, due to a temporary rise in immigration and labor participation, and that over time, the indicator is likely to fall back to a long-term level estimated at 70,000 to 90,000 per month, which they estimate could take a year and a half to more than three years.。
A study released by the San Francisco Fed shows that the surge in the U.S. labor force in recent years may have pushed the number of new monthly jobs needed to avoid rising unemployment to about 230,000。The paper's authors write that an increase in "add-and-drop balance" growth is likely not the new normal, due to a temporary rise in immigration and labor participation, and that over time, the indicator is likely to fall back to a long-term level estimated at 70,000 to 90,000 per month, which they estimate could take a year and a half to more than three years.。
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