Projected slowdown in labor force growth
August 07, 2002
The high growth rate of the civilian labor force in the last 50 years will be replaced by much lower growth rates in the next 50 years.
The civilian labor force was 62 million in 1950 and grew to 141 million in 2000, an increase of 79 million, or an annual increase of 1.6 percent per year, between 1950 and 2000. It is projected that the labor force will reach 192 million in 2050, an increase of 51 million, or a growth rate of 0.6 percent annually, between 2000 and 2050.
Women in the labor force increased their numbers at an extremely rapid pace in the past 50 years. It is anticipated that their labor force growth will slow markedly in the next 50 years.
The older age cohorts are expected to make up a larger proportion of the labor force in the coming decades. The 55-and-older age group, which made up 13 percent of the labor force in 2000, is projected to account for 19 percent of the labor force in 2050.
These data are a product of the Employment Projections program. Find out more in "A century of change: the U.S. labor force, 1950-2050," by Mitra Toossi, Monthly Labor Review, May 2002.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Projected slowdown in labor force growth on the Internet at http://www.bls.gov/opub/ted/2002/aug/wk1/art03.htm (visited April 01, 2015).
Three recent editions of Spotlight on Statistics
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.