Employment Projections
For Baby Boomers

Labor Force

The supply of workers, the labor force, is projected to increase by 12 percent over the 1998-2008 period. This represents a somewhat lower growth rate than the 13 percent increase over the previous 10-year period, 1988-98. (See table 5.) The projections indicate that the demographic composition of the labor force is expected to change because the population itself will change and because work force participation will change.

• The labor force age 45-64 will grow faster than the labor force of any other age group as the baby-boom generation (born 1946-64) continues to age. The labor force 25 to 34 years of age is projected to decline by 2.7 million, reflecting the decrease in births in the late 1960s and early 1970s.

For the full report, see BLS Releases New 1998-2008 Employment Projections.

Back to Baby Boomers Rule in New Millennium

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Excerpt courtesy of the US Bureau of Labor Statistics.
Copyright © 1999, J. Steven Niznik. All Rights Reserved.