8–9). 9 The box “The Labor Force Participation Rate for Prime-Age Individuals” in the Board’s July 2018 Monetary Policy Report contains a discussion of recent developments in labor force participation rates for prime-age individuals; see Board of Governors (2018b, pp. 8–10). 10 See Cajner and others (2017) for a careful examination of how labor market differentials by race and ethnicity have evolved over time.
Productivity growth is a key factor in the  -3health of the overall economy and in the daily lives of all Americans. Because ultimately, it drives rising standards of living for all of us. Growth in labor productivity, or output per hour worked, has been lackluster in the U.S. economy and around the world in recent years.