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Hr400 Employment & Staffing Unit 1 Assignment Essay

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HR400: Employment and Staffing |
Employment and Staffing |
Unit 1 Project |
|
Amy Johnson |
8/7/2012 |

|

According to United States of Department of Labor, over the next decade there will be some important changes to the demographic trends within the workforce. With a combination of the ups and downs of birthrates over the past 70 years and immigrates making up a sizable part of the population growth.
One the biggest swifts are with the job market is the decline in the share of prime-age workers. The prime age group is considered 25-54 years old. Within this age group, we have more turning 55 then 25 coming up to this group.

Civilian noninstitutional labor force (LF) 2010-2020 |
  | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Total LF | 155,159 | 156,290 | 157,393 | 158,486 | 159,530 | 160,572 | 161,530 | 162,471 | 163,435 | 164,360 |
      22 to 24 | 9,574 | 9,795 | 9,946 | 9,979 | 9,867 | 9,712 | 9,582 | 9,470 | 9,363 | 9,276 |
  25 to 54 | 103,123 | 103,176 | 103,248 | 103,405 | 103,565 | 103,802 | 104,033 | 104,249 | 104,415 | 104,619 |
      55 to 59 | 14,595 | 15,015 | 15,420 | 15,752 | 16,075 | 16,340 | 16,501 | 16,588 | 16,679 | 16,610 |
Another factor to consider is the older workers, 65 and over; retirement age. For those who have a retirement pension, they will be encouraged to retirement at 65 years of age. The older workers with private retirement pensions would be those who have college degrees and fewer will be high school dropouts.  
Civilian noninstitutional labor force (LF) 2010-2020 |
  | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Total LF | 155,159 | 156,290 | 157,393 | 158,486 | 159,530 | 160,572 | 161,530 | 162,471 | 163,435 | 164,360 |
    65 and over | 7,115 | 7,667 | 8,206 | 8,744 | 9,316 | 9,868 | 10,381 | 10,918 | 11,495 | 12,113 |

Bureau of Labor Statistics. United States Department of Labor. Retrieved Aug 4th, 2012....

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