Labor force growth has slowed significantly in recent business cycles, especially for the U.S.-Born: Average annual labor force growth between business cycle peaks
| Years | Total | U.S.-Born |
|---|---|---|
| 1948–1979 | 1.79% | |
| 1979–2007 | 1.36% | |
| 2007–2019 | 0.55% | 0.32% |
| 2019–2024 | 0.55% | 0.26% |
Source: Bureau of Labor Statistics (BLS 2025a) data retrieval tools based on data from the Current Population Survey (CPS).