Demographics in US – Prime working-age population growing again

Changes in demographics are an important determinant of economic growth, and although most people focus on the aging of the “baby boomer” generation, the movement of younger cohorts into the prime working age is another key story in coming years. Here is a graph of the prime working age population (this is population, not the labor force) from 1948 through August 2014.

There was a huge surge in the prime working age population in the ’70s, ’80s and ’90s – and the prime age population has been mostly flat recently (even declined a little).

Chosen excerpts by Job Market Monitor. Read the whole story at Calculated Risk: Update: Prime Working-Age Population Growing Again.