From Home Furnishing Business
Fast Fact: The Gap between Civilian Population and Labor Force
Data from the Bureau of Labor Statistics in the fourth quarter of last year paints a picture of varied growth patterns in labor force participation rates among different age, gender, race and ethnic groups.
Although growth continues in both the adult civilian population and labor force, the rate has slowed and is projected to continue to slow.
From 2006 to 2016, the civilian population over 16 years of age grew on average 1 percent annually while the labor force grew only half that rate. The gap is projected to narrow slightly in the years ahead to 2026.
As the 65+ population continues to grow exponentially into 2026 and leave the workforce, age segments 25 to 34 and 35 to 44 will also increase. However, 45 to 54 year olds show a decrease and 55 to 64 year olds are expected to remain stagnant.
For a detailed look at the numbers, click here.