US economy: the past decade, the future decade

Ten years after the end of the Great Recession, there remains some scars of this shock on the labour market. Over the past decade employment has increased more rapidly than the labour force (post-crisis catch-up) and productivity gains have been mediocre. Barring a major accident, these trends could be corrected over the next decade. BLS employment trend projections suggest a sectoral rebalancing: a slowdown in productivity in the technology and oil sectors from a high level, and...