Boom time

Posted: Sunday, March 11, 2007

According to the U.S. Bureau of Labor Statistics, the number of workers in the Baby Boomer, or 55-and-older age group, is projected to grow by 49.1 percent through 2014, nearly five times the 10-percent growth projected for the overall workforce. Boomers are expected to become a larger share of the workforce over the same period, increasing to 21.2 percent from 15.6 percent. Meanwhile, youths - those between the ages of 16 and 24 - will decline in numbers and lose share to 13.7 percent in 2014 from 15.1 percent in 2004. Workers ages 25 to 54, meanwhile, will decline to 65.2 percent from 69.3 percent.

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