US Job Growth Expected To Slow Sharply Over The Next Decade

• The pace of job gains over the next decade will slow considerably amid a sharp decline in the active labor force and an aging population, according to Labour Department projections released Tuesday.
• From the period of 2020-29, the economy is expected to add a net 6 million new jobs, an annual growth rate of just 0.4%, the Bureau of Labour Statistics estimates. 
• That compares with the 1.3% annual rate during the 2009-19 period, which got a boost from the Great Recession recovery that started in mid-2009 and ended up being the longest expansion in U.S. history before it ended in February of this year.
• Outside of the pandemic, job creation is expected to slow amid demographic changes and a sharp increase in productivity brought on in part by technological changes.

(Source: CNBC)