Proof Point
U.S. labor force participation and employment rates declined three percentage points from 2007 to 2016, brought about by retirements, people going to school, and lack of available jobs
U.S. Civilian Non-Institutional Population Labor Force Participation and Employment Rates
2007 – 2016 (millions of individuals and percentages)
Proof Point Findings
- Civilian Non-Institutional Population – Individuals aged 16 and over who reside in the U.S., excluding those currently living in institutions (e.g. correctional facilities, mental institutions, and nursing homes) and on active Armed Forces duty
- Labor Force Participation Rates – Individual members of civilian non-institutional population who are currently employed or who have actively looked for jobs in last four weeks when survey was conducted
- Declining U.S. Labor Force Participation – Dropped by three percentage points between 2007 and 2016, from 66% to 63% of total employable population, primarily attributed to retiring Baby Boomers, number of people in school, and lack of available jobs in market
- Impacted Employed Segment – Employment rate of civilian non-institutional population dropped as direct result of declining labor force participation, falling by three points between 2007 and 2016, from 63% to 60%, despite showing signs of recovery after being significantly affected by 2009 financial crisis
- Future Dependencies – Include availability of jobs in market, shifting job-skill requirements, Gen Z entry into workforce, increasing number of retiring Baby Boomers, technology unemployment brought about by business process automation, possible reshoring of jobs outsourced in other countries, as well as economic, labor and educational policies to be implemented by Trump administration
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Accelerator |
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Sector |
Cross-sector
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Source |
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Date Last Updated |
March 15, 2017
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