The US Bureau of Labor Statistics (BLS, the Bureau) is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics. The latest study on 2010-2020 projections correlates the overall employment with the US population:
- Shifts in the size and composition of the population can influence the U.S. economy.
- Several factors, including slower population growth, an aging population, and increasing diversity, are expected to affect the population over the coming decade.
- The U.S. civilian non-institutional population, including individuals ages 16 and older, is expected to increase by 25.2 million from 2010 to 2020 (Chart 1).
- For the labor force, the projected growth rate of 10.6 percent is far less compared to last two decades (1990–2000 period and the 2000-10 period).
- As in the past decades, population growth will vary by age group, race, and ethnicity. Minorities and immigrants are expected to constitute a larger share of the U.S. population in 2020.
- Over the decade, the Asian and Hispanic origin populations are projected to continue to grow much faster than other racial and ethnic groups, with the number of Asians growing at a rate of 34 percent and Hispanics, 37 percent.
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