Labor Force Projections To 2016: More Workers in Their Golden Years
- ISBN-10
- 1437923747
- ISBN-13
- 9781437923742
- Pages
- 20
- Language
- English
- Published
- 2010-10
- Publisher
- DIANE Publishing
- Author
- Mitra Toossi
Description
The labor force will grow more slowly during the next decade; and 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. The growth of the older labor force in the next decade will be much higher than the labor force growth of the other age groups. The civilian labor force is projected to increase by a 0.8% annual growth rate which is lower than the 1.2% annual growth rate registered during the previous 10-year period. In addition, the labor force will continue to age: the 55-years-and-older workforce is expected to grow by 46.7% over the projection period, more than 5 times the growth projected for the aggregate labor force. Charts and tables.
