The Census Bureau and the Bureau of Labor Statistics (BLS) estimates that by 2018, with no change in current labor force, there will be more jobs than people to fill them. The (BLS) also estimates that by 2022 we will need 3 million additional workers to fill the least-skilled jobs.
But if projections hold, there won’t be enough Americans participating in the workforce for any skill level. The BLS projects that the total number of new U.S. workers ages 25 to 54 in the workforce between 2012 and 2022 will grow by only 1.9 million. The number of new workers 16 to 24 years old—who are mostly now in elementary school—will actually drop by 2.8 million in 2022.
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