The Bureau of Labor Statistics came out Tuesday with projections about what the U.S. workforce will look like a decade from now. Some of the predictions auger good news: The workforce will be increasingly diverse, BLS says. On the other hand, it looks like the workforce will continue to age, and not just because people are living and working longer:
The labor force participation rate for youth (ages 16 to 24) is projected to decrease from 55.0 percent in 2014 to 49.7 percent in 2024. The youth age group is projected to make up 11.3 percent of the civilian labor force in 2024 as compared with 13.7 percent in 2014. In contrast, the labor force participation rate for the 65-and-older age group is projected to increase from 18.6 percent in 2014 to 21.7 percent in 2024. This older age group is projected to represent 8.2 percent of the civilian labor force in 2024 as compared with 5.4 percent in 2014.
Read the full report here.