Report

US – A continuous decline in the overall participation rates until 2060 BLS says

In the Census Bureau’s latest projections, the growth rate (percentage change) of the resident population is projected to decrease in the long term.

capture-decran-2017-01-31-a-08-37-35

In 2022, the share of natural increase and immigration in projections of the resident population will be equal and at 50 percent.

capture-decran-2017-01-31-a-08-39-37

 

The civilian noninstitutional population is projected to grow from 251 million in 2015 to 326 million in 2060, an increase of 75 million people.

The labor force is projected to increase from 157 million in 2015 to 186 million in 2060, an increase of 29 million.

capture-decran-2017-01-31-a-08-41-22

From the early 1950s until its peak over 1997–2000, the overall labor force participation rate increased. From 2000 to 2010, the overall participation rate fell by 2.4 percentage points. In the 5 years between 2010–2015, the overall participation rate fell by another 2.0 percentage points, much sharper than the previous 10 years. BLS is projecting a continuous decline in the overall participation rates until 2060.

The men’s participation rate has declined since the late 1940s, accelerating after the recession of 2007–2009.  Since 2010, the labor force participation rate of men has fallen another 2.1 percentage points. BLS is projecting a further decline in the participation rates of men.

The participation rate for women peaked in 1999 at 60 percent and has been declining since then.  From 2000 to 2010, the rate for women fell by 1.3 percentage points. From 2010 to 2015, the women’s  participation rate fell by another 1.9 percentage points, much higher than the decline in the previous 10 years. The BLS is also projecting a further decline in women’s participation rates.

capture-decran-2017-01-31-a-08-42-40

Chosen excerpts by Job Market Monitor. Read the whole story at A look at the future of the U.S. labor force to 2060 : Spotlight on Statistics: U.S. Bureau of Labor Statistics

Advertisements

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter

Categories

Archives

%d bloggers like this: