31
Dec

Fast Growing Segment of the Labor Force Is 55 and Older

From the Bureau of Labor Statistics latest labor force projections out to 2024.

The labor force will continue to age, with the average annual growth rate of the 55-years-and-older group projected to be 1.8 percent, more than 3 times the rate of growth of the overall labor force. The group’s share of the labor force is anticipated to increase from 21.7 percent in 2014 to nearly 25 percent in 2024.