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From a Buyer's Market to a Seller's Market: Declining Unemployment and Evolving Labor


May 2014 | Executive Action Report

Despite the less-than-dramatic economic recovery underway in the United States and the likelihood of relatively slow GDP growth in the foreseeable future, demographic trends and the imminent departure from the workforce of the baby boom generation point to the emergence of a "sellers’ market" when it comes to skilled talent. Not only will this put more pressure on corporate profits, it may also restrict the national economy’s overall ability to grow and its competitiveness on the global market. Consider it the "darker side" of long-term declining unemployment.



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Gad Levanon, PhD

Vice President, Labor Markets
The Conference Board

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Ben Cheng

Senior Methodologist, Data Analytics
The Conference Board

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Gad Levanon, PhD

Vice President, Labor Markets

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Jeanne Shu

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Ben Cheng

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Elizabeth Crofoot

Senior Economist, Labor Markets

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Agron Nicaj

Associate Economist

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