U.S. Population Growth Slows
The U.S. population has expanded at a glacierlike pace recently. The trend will continue for several years. It is too early to tell how this might affect the employment situation, or the cost burden that aging Americans will put on a workforce that is not as large as the one that existed when the baby boomers where in their prime.
According to Bloomberg:
The Census Bureau estimates there will be 315.1 million people living in the country on New Year's Day, a 0.73 percent rise from last year's estimate and 2.05 percent more than the most recent census count in April 2010. At the current pace, the nation's population will grow by 7.3 percent during the decade, the lowest level since the 7.25 percent increase recorded between 1930 and 1940.
Douglas A. McIntyre
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