The prime working-age population in the U.S. has reached a new peak for the first time since 2007, according to the Calculated Risk financial blog.
Based on data from the U.S. Bureau of Labor Statistics, January 2018 marked the first time that the population group aged 25 to 54 surpassed 2007 highs. The number had bottomed in 2012 before beginning to increase again.
The blog predicts that, depending on immigration policies, the workforce should continue to increase at about 0.5 percent per year.
Changes in demographics are an important determinant of economic growth, and although most people focus on the aging of the "baby boomer" generation, the movement of younger cohorts into the prime working age is another key story.