The economy is smaller today than it was before the Great Recession began in 2007, though the country's labor force and production capacity have grown.
It has the world's largest economy, with a well-educated labor force, extensive manufacturing capacity and infrastructure and prodigious natural resources.
The labor force and manufacturing capacity of GM provides a perfect springboard for a national green jobs initiative.
When immigrants enter the labor force, they increase the productive capacity of the economy and raise GDP.
When immigrants enter the labor force, they increase the productive capacity of the economy and raise GDP". In addition, she continued, "immigrants grease the wheels of the labor market by flowing into industries and areas where there is a relative need for workers — where bottlenecks or shortages might otherwise damp growth.
PARIS — France's ailing industrial sector took another blow on Tuesday when Renault said it planned to cut 7,500 domestic jobs by 2016, or about 17 percent of its French labor force, as it adjusts production capacity to the crushing downturn in the European car market.
The result, as Wilcox and his colleagues persuasively argue, is that productive capacity and the effective labor force have moved onto diminished growth paths.
Tackling the challenges at the base of economic underdevelopment in the region, there would be a real capacity to stem the labor force exodus, strengthening the net importers' macroeconomic foundations.
"Because of its negative effects on workers' skills and attachment to the labor force, long-term unemployment may ultimately reduce the productive capacity of our economy," Mr. Bernanke told a meeting of business economists in Virginia.
Minority and women-owned businesses tend to be smaller, both in terms of operational capacity and the size of their labor force.
"Not only that, capacity itself will inevitably expand as the labor force grows and innovation kicks in.
