U.S. employment projected to be 174.6 million in 2033

Total employment in the United States is projected to grow from 167.8 million in 2023 to 174.6 million in 2033, an increase of 4.0 percent. Growth over the decade is projected to be slower than the 13.7-percent increase recorded from 2013 to 2023. This slower employment growth is the result of an expected slowdown in civilian noninstitutional population growth.

Total projected employment growth is heavily influenced by demographic trends, such as the aging U.S. population and slower growth in the civilian noninstitutional population, that are expected to cause slower labor force growth and declining labor force participation rates during the 2023–2033 period. Expected changes to U.S. demographics also influence demand for various goods and services. For example, a larger population age 65 years and over will drive up demand for services typically consumed by older people, including many healthcare and social assistance services, which should support employment gains in the healthcare and social assistance industries and for healthcare related occupations. In contrast, slower population growth for younger people will reduce demand for some educational services and result in declining employment of related teachers.

These data are from the Employment Projections program. For more information, see "Industry and occupational employment projections overview and highlights, 2023–33" (in the Monthly Labor Review) and the "Employment Projections — 2023–2033" news release.