BLS: Employment Projections: 2018-2028

The BLS released today their updated Labor Force projections through 2028. Their projections show the overall Labor Force Participation Rate (LFPR) declining to 61.2% in 2018 from the 63.0%. Their projections also show that the Prime (25 to 54 year old) LFPR will decline slightly to 81.7% in 2028. From the BLS: Employment Projections: 2018-2028 Summary Employment is projected to grow by 8.4 million jobs to 169.4 million jobs over the 2018–28 decade, the U.S. Bureau of Labor Statistics (BLS) reported today. This expansion reflects an annual growth rate of 0.5 percent, which is slower than the......(read more)

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