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Fact-of-the-Week: 21 March 2011


fact of the week

WORKFORCE PROJECTED TO GROW OLDER THIS DECADE


The number of people in the labor force aged 55 to 64 is expected to grow by 33% between 2008 and 2018, and the number of people aged 65 and older is projected to grow by 78%. The numbers of 45 to 54 year-olds and 35 to 44 year-olds are expected to shrink, as Baby Boomers age and shift into older groups, decreasing by 5% and 1%, respectively, according to 2009 BLS projections.


Bureau of Labor Statistics. (2009). The baby-boom generation to remain in the labor force: The editor's desk. Retrieved January 13, 2011, from http://www.bls.gov/opub/ted/2009/ted_20091231.htm