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Moody's Talks - Inside Economics

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Is the Pandemic a Pendemic?

labor force participation is only a little bit above what it was prepandemic. I think largely immigration. We ust had so many fewer immigrants come into the countrya certainly leading up to the pandemic, but the pandemic dis crushed the imigration in which is no key to the labor force. If it doesn't ever come back to what it was before, you has a population growth keeps slowing, whichhe almost certainly will. Immigration would be a bigger and bigger piece of potential labor force growth moving forward.

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