US workforce is seen expanding just 0.4% a year in coming decade

The U.S. labor market is projected to grow by only 0.4% annually through 2033, translating to 6.7 million jobs, driven mainly by slower population growth.

The 16.4 million non-institutional population growth through 2033 is about 5 million fewer than in the last decade, marking the slowest growth since 1948.

Older Americans will comprise a larger share of the population, leading to a projected decline in labor force participation to 61.2% over the decade.

Employment growth in health care and social assistance will rise due to an aging population, while job demand in education will likely decrease from fewer school-age children.

Read at www.mercurynews.com