Staffing Hub (09/06/23)

The U.S. economy is projected to add almost 4.7 million jobs from 2022 to 2032, according to new BLS projections. Total employment is projected to grow by 0.3% annually, which is slower than the 1.2% annual growth rate between 2012 and 2022. Meanwhile, real gross domestic product (GDP) is expected to grow 1.9%, which is in line with the previous two decades.

The reason for the slower employment growth will be slower population growth. As the U.S. population continues to age, labor force participation will also decline.

This article originally appeared on staffinghub.com. Use this link to see the full report: U.S. Economy Projected to Add ~4.7 Million Jobs Through 2032