Labor supply and factors affecting productivity
This file represents Table 11. Labor supply and factors affecting productivity, 1986, 1996, 2006, and projected 2016, in
"The U.S. Economy to 2016: slower growth as boomers begin to retire," published in the November 2007 Monthly
Labor Review.
Table 11. Labor supply and factors affecting productivity, 1986, 1996, 2006, and projected 2016
Category |
Levels |
Average annual rate of change |
1986 |
1996 |
2006 |
2016 |
1986- 96 |
1996- 2006 |
2006- 16 |
Labor supply (in millions, unless noted): |
Total population |
240.4 |
269.8 |
300.4 |
327.0 |
1.2 |
1.1 |
0.9 |
Population aged 16 and older |
180.6 |
200.6 |
228.8 |
250.6 |
1.1 |
1.3 |
0.9 |
Civilian labor force |
117.8 |
133.9 |
151.4 |
164.2 |
1.3 |
1.2 |
0.8 |
Civilian household employment |
109.6 |
126.7 |
144.4 |
155.9 |
1.5 |
1.3 |
0.8 |
Nonfarm payroll employment |
99.5 |
119.7 |
136.2 |
151.1 |
1.9 |
1.3 |
1.0 |
|
|
|
|
|
|
|
|
Unemployment rate (percent) |
7.0 |
5.4 |
4.6 |
5.0 |
-2.6 |
-1.5 |
0.8 |
|
Productivity: |
Private nonfarm business output per hour (billions of chained 2000 dollars) |
30.4 |
35.3 |
45.6 |
56.9 |
1.5 |
2.6 |
2.2 |
SOURCE: Historical data, Bureau of Economic Analysis; projected data, Bureau of Labor Statistics.
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Last Modified Date: December 27, 2007
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