THE FORESEEABLE FUTURE


Growth in the U.S. Labor Force Is Projected to Slow Average annual growth in the total U.S. civilian labor force


2.6% 1.7% 1.6% 1.3% 1.1% 0.8% 0.7% 0.5%


1950-1960


1960-1970


1970-1980 Sources: Bureau of Labor Statistics, Argentum


1980-1990


1990-2000


2000-2010


2010-2019


2019-2030* *projected


Older Adults Are a Growing Proportion of the Labor Force Projected change in the U.S. labor force by age (in millions): 2018 to 2028


4.7 4.2


1.9


-0.7


-0.5


0.2


-0.4


-0.4


16 to 19


20 to 24


25 to 34 Sources: Bureau of Labor Statistics, Argentum


35 to 44


45 to 54


55 to 64


65 to 74


75 & older


22 SENIOR LIVING EXECUTIVE MAY/JUNE 2020


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