Labor supply and factors affecting productivity

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Table 4.1 Labor supply and factors affecting productivity, 2003, 2013, 2023, and projected 2033
(Numbers in millions, unless otherwise noted)
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:
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:
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