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November 2006, Vol. 129, No. 11
A new look at long-term labor force projections to 2050
Mitra Toossi
Economist, Office of Occupational Statistics and Employment Projections, Bureau of Labor Statistics.
E-mail: Toossi.Mitra@bls.gov
Among the factors affecting the size, composition, and growth of the labor force over the next 50 years are the aging of the baby-boom generation, the stabilization of women’s labor force participation rates, and increasing racial and ethnic diversity in the workforce. The 2005-50 period is projected to witness the massive exit of the baby-boom generation out of the labor force, bringing to an end one of the major drivers of labor force growth over the post-World War II period.
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