The labor force participation rate of older men is projected to rise substantially by 2022, according to the Bureau of Labor Statistics. Among men aged 65 or older, labor force participation will rise to 27.2 percent by 2022, up from 23.6 percent in 2012 and 16.1 percent in 1992. Here are actual and projected labor force participation rates of older men by age in 1992, 2012, and 2022...
Men aged 62 to 64
2022: 60.5
2012: 54.6
1992: 46.2
Men aged 65 to 69
2022: 41.6
2012: 37.1
1992: 26.0
Men aged 70 to 74
2022: 28.8
2012: 24.2
1992: 15.0
Labor force participation will rise among women too, but their rates will remain below those of men. Despite these increases, the overall labor force participation rate for Americans aged 16 or older will fall from 63.7 to 61.6 percent between 2012 and 2022. Behind the decline is the aging of the population.
Source: Bureau of Labor Statistics, Employment Projections 2012-2022
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