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Article: Labor force projections to 2016: more workers in their golden years.(Employment outlook: 2006-16)(Report)
- Article from:
- Monthly Labor Review
- Article date:
- November 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 U.S. Bureau of Labor Statistics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As the U.S. population ages, the labor force will grow more slowly during the next decade; the older labor force is projected to grow more than 5 times faster than the overall labor force, which will become ever more racially and ethnically diverse
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For the past several decades, the U.S. labor force has consistently posted high growth rates. According to the Bureau of Labor Statistics (BLS), these elevated rates are likely to be replaced by a much lower growth rate over the 2006-16 decade, principally for two reasons: the baby-boom generation is aging and retiring, and the labor force participation rate of women appears to have peaked.
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