2023–2033 Economic and Employment Projections — 2024-08-29

The U.S. economy is projected to add 6.7 million jobs from 2023 to 2033, the U.S. Bureau of Labor Statistics (BLS) reported today. Total employment is projected to increase to 174.6 million and grow 0.4 percent annually, which is slower than the 1.3 percent annual growth recorded over the 2013-23 decade. Projected employment growth is driven by labor force growth, which in turn is constrained by population growth. The civilian noninstitutional population age 16 years and older is projected to increase by 16.4 million to a level of 283.3 million in 2033, which is nearly 5 million less than the increase that occurred over the 2013-23 decade. The civilian noninstitutional population is expected to grow 0.6 percent annually over the 2023-33 decade, slowing slightly from the 0.8 percent annual growth rate that occurred in the decade from 2013 to 2023.