Labor Force Projections Through 2021
DIANE Publishing, Jun 1, 2011 - 26 pages
The Congressional Budget Office (CBO) examines many developments that could have short- or longer-term consequences for the budget and the economy. In coming decades, one such development is expected to be a slower rate of growth of the labor force relative to its average over the past few decades. That slowdown is anticipated to occur primarily because of the aging and retirement of large numbers of baby boomers and because women's participation in the labor force has leveled off since the late 1990s after having risen substantially for the preceding three decades. This report describes CBO's methods for projecting such trends through 2021. Charts and tables. This is a print on demand report.
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40 percent 65 or older age and sex age group ages of 25 aggregate participation rate alternative minimum tax Alternative Projections Budget Office CBO Bureau of Labor business cycle CBO expects CBO’s estimate CBO’s Labor Force CBO’s projections Census Bureau changes in marginal civilian noninstitutional population Congressional Budget Office current law Department of Labor economy recovers Effect of Demographics exclude the effect Figure A-2 force participation rate higher IHS Global Insight increase inflows labor force participation Labor Force Projections Labor Statistics legal permanent residents legal temporary residents Macroeconomic Advisers marginal tax rates microsimulation million in 2015 noninstitutional population age Panel on Assumptions participation among women percent in 2010 percentage point Pew Hispanic Center population age 16 population projections potential labor force Projections Through 2021 rate of participation rate on labor recession retirement Social Security Administration SSA’s projection Technical Panel unauthorized population unauthorized residents unemployment rate Update workers