Labor supply and factors affecting productivity

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Table 4.11 Labor supply and factors affecting productivity, 1996, 2006, 2016, and projected 2026

Category

Levels

Annual rate of change

1996

2006

2016

2026

1996–06

2006–16

2016–26

Labor supply (in millions, unless noted):

Total population

269.8

298.7

323.5

350.0

1.0

0.8

0.8

Civilian noninstitutional population aged 16 and older

200.6

228.8

253.5

278.2

1.3

1.0

0.9

Civilian labor force

134.0

151.4

159.2

169.7

1.2

0.5

0.6

Civilian labor force participation rate (percent)

66.8

66.2

62.8

61.0

-0.1

-0.5

-0.3

Civilian household employment

126.7

144.4

151.4

161.8

1.3

0.5

0.7

Nonfarm payroll employment

119.8

136.5

144.3

155.0

1.3

0.6

0.7

 

Unemployment rate (percent)

5.4

4.6

4.9

4.7

-1.6

0.5

-0.4

 

Productivity:

Private nonfarm business output per hour, chained 2009 dollars

41.8

55.3

62.5

73.2

2.8

1.2

1.6

Source: Historical data: Bureau of Economic Analysis, Bureau of Census, Bureau of Labor Statistics; Projected data: Employment Projections program, U.S. Bureau of Labor Statistics.

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Last Modified Date: October 24, 2017