A growing population from the working-age group can significantly contribute to a nation’s economic prosperity. While a nation with a declining birth rate coupled with an aging population could pose a degeneration of economic growth in the future.
The United States had a total population of 325.6 million in 2020. From this, 38.2% are full-time employees and 7.7% are part-time workers. Full-time workweek would mean labor of 35 hours or more in a week. The working age population in the United States range from 16-64 years old.
Data from tableau were sourced from www.kff.org.
Note: KFF estimates are based on the Census Bureau’s March Current Population Survey (CPS: Annual Social and Economic Supplements), 2017-2021.
References for statements:
www.investopedia.com
www.statista.com