The labor force participation rate of persons aged 55-64 is expected to rise from 61.9% in 2002 to 65.1% by 2012. The 65-to- 74 age group had a participation rate of 20.4% in 2000 and is projected to rise to 23.6% by 2012.

Toossi, M. (2004). Labor force projections to 2012: The graying of the U.S. workforce. Monthly Labor Review, 127(2), 37-57.

"Every two years, the Bureau of Labor Statistics produces medium-term, or 10 year, labor force projections. [This] set of projections covers the 2002-12 period and estimates the future size and composition of the labor force... The labor force projections are estimated by combining population projections calculated by the U.S. Census Bureau with the labor force projections developed by the Bureau of Labor Statistics." (p.38)

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