Employment Projections

Labor supply and factors affecting productivity

This table also can be found in the article, "The U.S. economy to 2024," published in the December 2015 Monthly Labor Review.

Other available formats: (XLSX)

Table 4.11 Labor supply and factors affecting productivity, 1994, 2004, 2014, and projected 2024

Category

Levels

Annual
rate of change

1994

2004

2014

2024

1994–2004

2004–14

2014–24

Labor supply (in millions, unless noted):

Total population

263.5

293.1

319.1

343.9

1.1

0.9

0.8

Civilian noninstitutional population aged 16 and older

196.8

223.4

247.9

269.1

1.3

1.0

0.8

Civilian labor force

131.0

147.4

155.9

163.8

1.2

0.6

0.5

Civilian labor force participation rate (percent)

66.6

66.0

62.9

60.9

-0.1

-0.5

-0.3

Civilian household employment

123.1

139.2

146.3

155.3

1.2

0.5

0.6

Nonfarm payroll employment

114.4

131.7

139.0

148.3

1.4

0.5

0.7

Unemployment rate (percent)

6.1

5.5

6.2

5.2

-1.0

1.1

-1.7

Productivity:

Private nonfarm business output per hour (billions of chained 2009 dollars)

40.6

53.8

62.1

74.6

2.8

1.5

1.8

Source: Historical data: Bureau of Economic Analysis, Census Bureau, U.S. Bureau of Labor Statistics; Projected data: Employment Projections program, U.S. Bureau of Labor Statistics.

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Last Modified Date: December 8, 2015

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