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Article: Labor force projections to 2010: steady growth and changing composition: the labor force will grow steadily as the population and labor force ages; diversity will continue to increase. (Employment outlook: 2000-10).(Statistical Data Included)
- Article from:
- Monthly Labor Review
- Article date:
- November 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 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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The civilian labor force is projected to increase by 17 million over the 2000-10 period, reaching 158 million in 2010. (1) This 12.0-percent increase is slightly greater than the 11.9-percent increase over the previous 10-year period, 1990-2000, when the labor force grew by 15 million.
The projected labor force growth will be affected by the aging of the baby-boom generation, persons born between 1946 and 1964. In 2010, the baby-boom cohort will be ages 46 to 64, and this age group will show significant growth over the 2000-10 period. The median age of the labor force will continue to rise, even though the youth labor force (aged 16 to 24) is expected to grow ...