Projected growth in labor force participation of seniors, 2006-2016
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 October 20, 2014).
Three recent editions of Spotlight on Statistics
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.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.