Labor force participation in the U.S. is expected to decline the most drastically in the 16- to 19-year-old age group. Participation rates have and are projected to hold steady for 25-to-54-year olds. The labor force participation rate is expected to increase to 29.9 percent by 2033 for those aged 65 to 74, as the retirement age in the U.S. increases from 66 to 67. Interestingly, participation for those 75 and older is expected to nearly double between 2002 and 2032.
Civilian labor force participation rate and projections in the United States from 2002 to 2032, by age
Characteristic
2002
2012
2022
2032*
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Bureau of Labor Statistics. (September 6, 2023). Civilian labor force participation rate and projections in the United States from 2002 to 2032, by age [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1315320/labor-force-participation-rate-age-us/
Bureau of Labor Statistics. "Civilian labor force participation rate and projections in the United States from 2002 to 2032, by age." Chart. September 6, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1315320/labor-force-participation-rate-age-us/
Bureau of Labor Statistics. (2023). Civilian labor force participation rate and projections in the United States from 2002 to 2032, by age. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1315320/labor-force-participation-rate-age-us/
Bureau of Labor Statistics. "Civilian Labor Force Participation Rate and Projections in The United States from 2002 to 2032, by Age." Statista, Statista Inc., 6 Sep 2023, https://www.statista.com/statistics/1315320/labor-force-participation-rate-age-us/
Bureau of Labor Statistics, Civilian labor force participation rate and projections in the United States from 2002 to 2032, by age Statista, https://www.statista.com/statistics/1315320/labor-force-participation-rate-age-us/ (last visited August 24, 2024)
Civilian labor force participation rate and projections in the United States from 2002 to 2032, by age [Graph], Bureau of Labor Statistics, September 6, 2023. [Online]. Available: https://www.statista.com/statistics/1315320/labor-force-participation-rate-age-us/