India needs to create jobs for our growing labor force to the extent of about 10 million persons every year.
A growing labor force is a signal of optimism that the search for work will pay off, economists say.
City officials point to the growing labor force as a sign of optimism about the local economy.
Yes, payrolls rose by a hefty 126,000, but that does not keep up with a growing labor force -- and a quarter of those were temporary jobs.
It sped the bounty of farms and factories across the land, spawned hundreds of towns and cities along its routes, pioneered in marketing and managerial organization, and employed a huge and growing labor force.
While the economy is not likely to fall into a recession and send the unemployment rate soaring, the economy is not growing fast enough to meet the need for jobs from a growing labor force.
The growing labor force and talent pool is good for the economy, but it comes with a price: Competition.
Growth in consumption has been steady, reflecting a growing labor force, rising wages and the confidence that comes with a low unemployment rate.
Even if job growth returns immediately, the unemployment rate could easily hit 11%, thanks to the growing labor force, the return of discouraged workers, the hiring of part-timers instead of the unemployed and the looming revision.
Because of declining reserves and a rapidly growing labor force, Muscat has actively pursued a development plan that focuses on diversification, industrialization, and privatization, with the objective of reducing the oil sector's contribution to GDP to 9% by 2020 and creating more jobs to employ the rising numbers of Omanis entering the workforce.
Further, Egypt was in search of sources for increased economic growth and trade to provide jobs for its rapidly growing labor force.
