Congressional Budget Office Presentation at the NYU Stern Economic Outlook Forum New York City, New York Wendy Edelberg Assistant Director, Macroeconomic Analysis CBO’s Economic Projections September 8, 2015
The employment shortfall is the number of people who would be employed if the unemployment rate equaled its rate in December 2007 (the light blue bars) and if the labor force participation rate equaled its potential rate (the dark blue bars).
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The Labor Force, Employment, and Unemployment
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Labor Force Participation Rates
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Hourly Labor Compensation
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GDP and Potential GDP
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Inflation
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Forecasts of Interest Rates by CBO, the Federal Reserve, and Federal Funds Futures
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Interest Rates
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Nominal and Real 10-Year Treasury Notes
*Calculated using the consumer price index for all urban consumers.
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Spread Between 10-Year Treasury Notes and 3-Month Treasury Bills