The labor force is growing more slowly:


Annual rates of labor force growth, 1950-2025

		Percent
1950-60		  1.1
1960-70  	  1.7
1970-80 	  2.6 
1980-90		  1.6
1990-2000	  1.2 
2000-2015*	  1.0 	
2015-2025*	  0.2

* projected


Source: Bureau of Labor Statistics.