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Category | 2003 | 2013 | 2023 | 2033 | Compound annual rate of change, 2003-13 | Compound annual rate of change, 2013-23 | Compound annual rate of change, 2023-33 |
---|---|---|---|---|---|---|---|
Labor supply: |
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Total population |
290.5 | 316.8 | 338.1 | 348.7 | 0.9 | 0.7 | 0.3 |
Civilian noninstitutional population age 16 and older |
221.2 | 245.7 | 266.9 | 283.3 | 1.1 | 0.8 | 0.6 |
Civilian labor force |
146.5 | 155.4 | 167.1 | 173.3 | 0.6 | 0.7 | 0.4 |
Civilian labor force participation rate (percent) |
66.2 | 63.3 | 62.6 | 61.2 | -0.5 | -0.1 | -0.2 |
Civilian household employment |
137.7 | 143.9 | 161.0 | 166.0 | 0.4 | 1.1 | 0.3 |
Nonagricultural payroll employment |
130.3 | 136.4 | 156.1 | 162.7 | 0.5 | 1.4 | 0.4 |
Unemployment rate (percent)[1] |
6.0 | 7.4 | 3.6 | 4.2 | 2.1 | -6.8 | 1.5 |
Productivity: |
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Private nonfarm business output per hour, chained 2017 dollars |
56.2 | 66.9 | 76.8 | 90.7 | 1.8 | 1.4 | 1.7 |
Footnotes: [1] Unemployment rates calculated and used within the projection model are made with less precise rounded values then those made by the Current Population Survey (CPS). Consequently, they may on occasion differ slightly from what is published by the CPS. Source: Historical data: U.S. Bureau of Economic Analysis; U.S. Census Bureau; Employment Projections program, U.S. Bureau of Labor Statistics. Projected data: Employment Projections program, U.S. Bureau of Labor Statistics |
Last Modified Date: August 29, 2024