Factoids

The Labor Force 2026 : Change in Labor Force by Sex

June 22, 2018  by Laurie Northington in General   

Although unemployment is down and an additional 10.5 million people are expected to be employed over the 2016 to 2026 decade, the diminishing rate of labor force growth due to an aging population and other changing demographics is projected to further slow the U.S. labor force participation rate. This is the second factoid in a series of six factoids detailing the projected demographic shifts in the workforce as reported by the Bureau of Labor Statistics in 2017 Q4. *See factoid one in this series for Labor Force Methodology

The growth of both men and women in the labor force plummeted after 2006, due to both the recession and a slowing population growth. Although not the fast rise as seen between 1996 and 2006, labor force growth is expected to increase for both sexes between 2016 and 2026, 5.3 percent and 8.0 percent respectively. The forecasted boost of women in the labor force brings their percent distribution up to 47.4 percent in 2026, but men remain in the majority at 52.6 percent. The next factoid in this series will focus on changes in the Labor Force by Race.

Source: U.S. Department of Labor, Bureau of Labor Statistics *projected

Showing 1 Comment

[Trackback]    6 years ago

Trackback from Domain: hfbusiness.com


Fast Fact: Women Increase Among Labor Force in 2026http://hfbusiness.com/hfbnow/ArticleID/17462/fast-fact-women-increase-among-labor-force-in-2026