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Originally Posted by Vendzilla
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Let's see.... The largest growth was people aged 75 - 79 which had a 4.4% growth from 2002 -2012. Meanwhile, ages from 16-54 ALL showed a drop during that same age period. Basically, while our population is getting bigger the amount of people of working age is getting smaller, while the people who are either retired or about to retire is getting larger. Our population is getting older.
And did you read the report mentioned above the numbers?
Labor force projections to 2022: the labor force participation rate continues to fall : Monthly Labor Review: U.S. Bureau of Labor Statistics
In the first 12 years of the 21st century, the growth of the population has slowed and labor force participation rates generally have declined. As a result, labor force growth also has slowed. The Bureau of Labor Statistics (BLS) projects that the next 10 years will bring about an aging labor force that is growing slowly, a declining overall labor force participation rate, and more diversity in the racial and ethnic composition of the labor force.
This has nothing to do with the economy, and every thing to do with our population. The labor population has been in decline