Chart 2. Overall labor force participation rate, 1992–2022 and 2022–32 projected (in percent)
Year Participation rate

1992

66.4

1993

66.3

1994

66.6

1995

66.6

1996

66.8

1997

67.1

1998

67.1

1999

67.1

2000

67.1

2001

66.8

2002

66.6

2003

66.2

2004

66.0

2005

66.0

2006

66.2

2007

66.0

2008

66.0

2009

65.4

2010

64.7

2011

64.1

2012

63.7

2013

63.2

2014

62.9

2015

62.7

2016

62.8

2017

62.9

2018

62.9

2019

63.1

2020

61.7

2021

61.7

2022

62.2

2023 projected

62.0

2024 projected

61.7

2025 projected

61.5

2026 projected

61.3

2027 projected

61.1

2028 projected

61.0

2029 projected

60.8

2030 projected

60.6

2031 projected

60.5

2032 projected

60.4

Source: U.S. Bureau of Labor Statistics.