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2023-33 Projections: Slower Labor Force Growth Expected, Affecting GDP Recovery.
The U.S. Bureau of Labor Statistics predicts slow growth in the labor force and employment due to demographic trends. This will also lead to modest GDP growth of 1.9% annually from 2023 to 2033. The economy has recovered from the 2020 recession caused by COVID-19, but it is already close to full employment, leaving less room for further growth.
