July 31, 2008
The number of workers between the ages of 65 and 74 is predicted to soar by 83.4 percent between 2006 and 2016.
Similarly, the number of workers aged 75 and up is predicted to grow by 84.3 percent.
Looking at other age groups, the number of workers in the youngest group, age 16-24, is projected to decline during the period while the number of workers age 25-54 will rise only slightly. The number of workers age 55-64 is expected to climb by 36.5 percent. The total labor force is projected to increase by 8.5 percent during the period 2006-2016.
By 2016, workers age 65 and over are expected to account for 6.1 percent of the total labor force, up sharply from their 2006 share of 3.6 percent.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Projected growth in labor force participation of seniors, 2006-2016 on the Internet at http://www.bls.gov/opub/ted/2008/jul/wk4/art04.htm (visited February 08, 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.