Reading: Stats Canada- Projected Trends to 2031 for the Canadian Workforce

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Projected trends to 2031 for cnd labour force. Labour force: everyone aged 15 and over who work/looking for work. Overall participation rate: proportion of population 15 and over that is in the workforce. > expected to grow from 20. 5-22. 5million by 2031, from 18. 5mill:2010. > participation rate is expected to decline (people over 15 in the workforce) Rate of growth of the labour force will slowdown as relatively less people enter the workforce. > the labour force is becoming older and ethnoculturally diverse. Participation rates will decline and diversity will increase. 1/4 people will be aged 55 and older in 2021. [[ overall participation rate declines in all scenarios. > overall participation rate is expected to decline in the next 2 decades. 67%:2010 59. 7-62. 6%: 2031 > lowest since late 70s. Due to aging baby boomers, increased life expectancy and a fertility rate below the replacement level. [[ 1 in 4 people in the labour force expected to be 55+

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