Speaker Notes:

The very rapid labor force growth over the 1970’s reflected two dramatic changes: the baby-boom generation reached working age, and it became more common for women to work outside the home. Since the 1970’s the labor force has continued to grow, but at slower rates. A substantial slowdown in the pace of labor force growth is projected for the 2015-25 period, as the baby-boom generation retires. Did you know that the baby-boom generation was born from 1946 to 1964. The oldest baby boomers turn 55 in 2001.