from the Congressional Budget Office
– this post authored by Joshua Montes, Xiaotong Niu, and Julie Topoleski
In preparing the economic forecast underlying its forthcoming report on the budget and economic outlook, CBO updated its projections of labor force participation. In this blog post, we explain those updates and compare them with the agency’s previous projections and with those of the Social Security Trustees. The full economic forecast will be described in The Budget and Economic Outlook: 2017 to 2027, which will be released on January 24.