The U.S. economy has experienced a historic turnaround
since the depths of the Great Recession. The unemployment rate has fallen by
half since its peak in 2009, and over the last six years, American businesses
have created more than 14 million new jobs, the longest streak on record.
One factor driving these issues may be institutional
changes in labor markets, such as greater restrictions on a worker’s ability to
move between jobs. To address these and other issues that limit competition in
the marketplace, the President has directed executive departments and agencies
to propose new ways of promoting competition and providing consumers and
workers with information they need to make informed choices, in an effort to
improve competitive markets and empower consumers’ and workers’ voices across
the country.
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