The share of Americans in their prime working age is nearing an all-time high.
Bill McBride of CalculatedRISK reports that nearly 125 million Americans are between the ages of 25 and 54, which is getting close to the working age population peak in 2007. The figures represent the total population in that age range, not just the labor force.
The good news is the prime working age group has started to grow again, and is now growing at 0.5% per year - and this should boost economic activity. And it appears the prime working age group will exceed the previous peak later this year.
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