Projected composition of the american workforce

RACE AND ETHNICITY

As shown in the table below, the projected labor force from 2005 to 2050 will become more diverse. The workforce population growth and composition will be driven mainly by immigration and the high worker participation rates of Hispanics. Overall, the share of minorities in the workforce will continue to expand.

The Hispanic labor force is expected to grow by 2.0 percent annually during 2005-2050 and reach 47.3 million and constitute 24.3 percent of the labor force. The Asian labor force will grow at the same rate. The black labor force’s annual growth rate will be 1.0 percent and increase its share of the workforce from 11.4 percent to 13.8 percent. During this time, the over-all annual growth of the white, non-Hispanic workforce will be only .1 percent and its share of the total workforce will drop from 69.6 percent in 2005 to 51.4 percent in 2050.

CHANGING ETHNIC COMPOSITION OF THE AMERICAN WORKFORCE, 2005-2050

Adapted from , civilian total labor force by age, sex, race and Hispanic origin, 2000, 2005, and projected 2050, decades, 1950’s to 2050, Table 1 in A New Look at Labor Force Projections to 2050 By Mitra Toosie Monthly Labor Review, November 2006

POPULATION NUMBER
(in thousands)
CHANGE
(in thousands)
PERCENT
CHANGE
PERCENT
SHARE of Total Labor Force
ANNUAL GROWTH RATE (%)
 

2005 2050 2005-2050 2005-2050 2005 2050 2005-2050
White, non-Hispanic 103,891 100,189 -3,702 -3.8 69.6 51.4 .1
Black 17,013 26,609 9,796 57.6 11.4 13.8 1.0
Asian 6,503 16,124 9,621 3.7 4.4 8.3 2.0
Hispanic Origin 19,824 47,317 27,493 136.7 13.6 24.3 2.0

AGING

In addition to the significant projected change in its racial and ethnic composition from 2005-2050, the labor force is also projected to become much older with the 55 + share of the labor force going from 16.2 percent in 2005 to 22. 9 percent and the two younger age groups declining.

PROJECTED LABOR FORCE BY AGE: 2005 TO 2050

Adapted from , civilian total labor force by age, sex, race and Hispanic origin, 2000, 2005, and projected 2050, decades, 1950’s to 2050, Table 1 in A New Look at Labor Force Projections to 2050 By Mitra Toosie Monthly Labor Review, November 2006


POPULATION
NUMBER
(in thousands)
CHANGE
(in thousands)
PERCENT
CHANGE
PERCENT
SHARE of Total Labor Force
ANNUAL GROWTH RATE (%)
  2005 2050 2005-2050 2005-2050 2005 2050 2005-2050
16-24 22,290 25,808 3,518 15.8 14.9 13.3 .3
25-54 102,773 124,392 21,619 21 68.8 63.9 .4
55+ 24,257 44,556 20,299 83.7 16.2 22.9 1.4

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