Labor supply and factors affecting productivity

Other available formats: (XLSX)

Table 4.11 Labor supply and factors affecting productivity

Category

Levels

Annual rate of change

1998

2008

2018

2028

1998–08

2008–18

2018–28

Labor supply (in millions, unless noted)

Total population

276.2

304.4

327.5

350.9

1.0

0.7

0.7

Civilian noninstitutional population aged 16 and older

205.2

233.8

257.8

279.5

1.3

1.0

0.8

Civilian labor force

137.7

154.3

162.1

171.0

1.1

0.5

0.5

Civilian labor force participation rate (percent)

67.1

66.0

62.9

61.2

-0.2

-0.5

-0.3

Civilian household employment

131.5

145.4

155.8

163.2

1.0

0.7

0.5

Nonfarm payroll employment

126.1

137.2

149.1

157.0

0.8

0.8

0.5

 

Unemployment rate (percent)

4.5

5.8

3.9

4.6

2.6

-3.9

1.7

Productivity

Private nonfarm business output per hour (billions of chained 2012 dollars)

45.7

59.6

67.8

79.1

2.7

1.3

1.6

Source: Historical data: Bureau of Economic Analysis, Bureau of Census, Bureau of Labor Statistics; Projected data: Bureau of Labor Statistics.

Back to top

 

Last Modified Date: September 4, 2019