According to such estimates, the number of workers will grow at a rate of –0.6 percent in the 2010s and –0.8 percent in the 2020s. The labor productivity growth rate for the years 2000 through 2008 – a period characterized by relatively favorable economic conditions – was 1.5 percent (Chart 24). Efforts to raise the labor productivity growth rate are necessary, of course.
Instead, it required an administrative determination on the basis of a list of factors which, though not by its own terms exclusive, leans heavily toward characteristics associated with the first two kinds of systemic effects from failed firms.