January 10, 2007
Peaking at 2.6 percent during the 1970s, the growth rate of the labor force has been decreasing with the passage of each decade and is expected to continue to do so in the future.
The 0.6-percent annual growth rate from 2005 to 2050 reflects a projected population (16 years and older) of 322.6 million and a labor force participation rate of 60.4 percent in 2050.
Among the factors affecting the composition and growth of the labor force over the next 50 years are the aging of the baby-boom generation, the stabilization of women’s labor force participation rates, and increasing racial and ethnic diversity in the workforce.
This information is from the Employment Projections program. Find out more in "A new look at long-term labor force projections to 2050," by Mitra Toossi, Monthly Labor Review, November 2006.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Labor force growth: past, present, and future on the Internet at http://www.bls.gov/opub/ted/2007/jan/wk1/art02.htm (visited May 04, 2016).
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.