Country Profile No.2 Gl bal Perspectives April, 2008 Statistical Profile of The United States Introduction Organizations striving to be employers-of-choice in different countries around the world need access to current information about the economic, social, political, and demographic characteristics of the countries where their employees live and work. The Country Profile Series focuses on statistics that can guide decisionmaking at the workplace: workforce highlights, economic highlights, and population highlights. This Country Profile is part of a set of resources about the United States available on the website of the Global Perspectives Institute: www.bc.edu/agingandwork. Sponsored by: In collaboration with: Country Profile: United States Workforce Highlights àà 49% of the total United States population is in the labor force.1 àà The labor force is projected to slightly increase from 141.0 million in 2000 to 191.8 million in 2050 (with annual growth rate of 0.6%).2 àà The December 2007 unemployment rate was 5.0%.3 àà In December 2007, the average hours worked per week by American employees (working either part-time or full-time) in the private sector was 33.8.4 àà In 2006, 16.3% of the labor force was part-time.5 àà 10.5% of the total civilian employed labor force reported being selfemployed in 2004.6 àà As noted in Figure 1, 49% of the United States population is in the labor force, compared to 51% in Canada and 41% in Mexico. 1,7 1 Figure 1: Employed as a percent of total population, North American countries, 2005-2007* Mexico 41 United States 49 Canada 51 0% 10% 20% 30% 40% 50% 60% *Most recent available year Source: Statistics Canada7, Central Intelligence Agency1 Country Profile: United States àà Figure 2 compares the rate of employment as a percent of the total population in the United States with other countries with high gross national incomes. The employment rates of the countries included in Figure 2 range from 42% in Italy to 53% in Germany. “(Gross national income is GDP less net taxes on production and imports, less compensation of employees and property income payable to the rest of the world plus the corresponding items receivable from the rest of the world (in other words, GDP less primary incomes payable to non-resident units plus primary incomes receivable from non-resident units).” 5 OECD Factbook Figure 2: Employed as a percent of total population, selected high GNI countries, 2005-2007* Germany Canada Japan Australia United States United Kingdom France Netherlands Italy 53 51 50 50 49 48 44 43 42 0% 10% 20% 30% 40% 50% 60% *Most recent available year Source: Australian Bureau of Statistics9, Statistics Canada7, United Kingdom Office of National Statistics10, United States Bureau of Labor Statistics5, The World Factbook 20071, Statistical Handbook of Japan11 2 àà The employment rates among persons aged 15-64 years are presented in Figure 3. 78 percent of men and 66 percent of women in this age group are employed in the United States.8 Figure 3: Employment Rates, Ages 15-64 by Gender: United States and comparable OECD nations, 2005 77 71 70 68 68 57 79 78 77 66 65 60 80 79 65 67 58 n pa Ja Un ite d Ki ng do m lia ra st Au St at es s nd et he rla ad Ca n N Men Un ite d y G er m an ly Ita nc Fr a a 45 e 80% 70% 60% 50% 40% 30% 20% 10% 0% Women Country Profile: United States Source: 2007 OECD Factbook8 Figure 4: Employment Rates in United States, within age group, 2007 100% 83.5 80% 74.4 60% 40% 83.8 82.2 54.9 39.1 28.9 20% 0% 16-17 18-19 20-24 25-34 35-44 45-54 55+ Source: 2007 OECD Factbook8 3 àà The information presented in Figure 5 compares the employment rates for each age group with Canada and South Mexico. In 2007, the employment rate for people age 55-59 was lowest in Mexico (60.9%) and highest in the United States (72.0%).12 Figure 5: Employment Rates in the United States compared to selected North American countries within age group, 2007 100% 80% 60% 40% 20% 0% Canada Source: International Labor Organization Mexico 65+ Country Profile: United States 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 United States 14 àà Figure 6 compares the 2007 employments rates for the different age groups in the United States with the projected rates for 2020. As noted, the employment rates among people aged 55 and older are anticipated to increase over the next 13 years.12 Figure 6: Current and Projected Employment Rates in the United States, within age group, 2007 and 2020 100% 76 75 80% 60% 40% 84 83 84 84 84 84 84 83 84 83 81 83 72 75 52 45 42 56 20% 0% 14 15-19 20-24 25-29 30-34 35-39 2007 40-44 45-49 50-54 55-59 60-64 16 65+ 2020 Source: International Labor Organization14 4 Figure 7: Current and Projected Percentage of the Population in the US Labor force, within age groups, 2007 and 2020 2020 Female 3.3 2020 Male 4.0 2007 Female 3.6 2007 Male 4.3 0% 30.4 24.6 31.8 24.0 38.1 27.1 40.3 10% 20% Under 20 28.0 30% 40% 20 - 44 50% 60% 70% 80% 45 and up Source: International Labor Organization14 Economic Highlights àà The 2006 estimate of the gross national product per capita in the United States was $43,500.8 Country Profile: United States àà The gross domestic product of the United States grew by 3.9 percent in 2004 and 3.2 percent in 2005.8 àà The United States debt as a percentage of GDP has fluctuated over the past 15 years, lowest at 55.2 in 2000 and highest at 71.9 in 1993.5 Figure 8: GDP Growth in the United States, 1990 - 2005 8% 7% 6% 5% 4% 3% 2% 1% 0% -1% -2% 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 United States Source: 2007 OECD Factbook8 5 Figure 9: National debt as a percentage of GDP, selected high GNI countries, 1990-2005 200% 150% 100% 50% 0% 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Australia Canada France Germany Japan Netherlands United Kingdom United States Source: 2007 OECD Factbook8 Demographic Highlights Country Profile: United States àà In 2007, the United States population was 301,139,947.1 àà The median age of the United States population in 2007 was 36.6 years, or 35.3 years for men and 37.9 years for women.1 Figure 10: Median Age, selected countries, 2007 37.9 Female 45.3 44.3 United States 35.3 Male 41.7 41.8 Japan Germany 36.6 Total 0% 43.5 43 10% 20% 30% 40% 50% Source: 2007 OECD Factbook8 6 àà The life expectancy at birth for the United States population was 78.0 years in 2007, 75.1 years for men and 80.97 years for women.1 Figure 11: Life Expectancy at Birth, selected countries, 2007 81.0 85.6 80.9 Female United States 75.1 78.7 73.8 Male Japan Germany 78.0 82.0 77.2 Total 0% 20% 40% 60% 80% 100% Source: The World Factbook 20078 Country Profile: United States àà Eighty-one percent of the population was white, 12.9 percent was black, and 4.2 percent was Asian, with the remaining population being of Amerindian, Alaskan, Hawaiian, or Pacific islander native descent.1 àà The fertility rate in the United States was 2.09 children per woman as of 2007.1 àà In the United States, 10.7 percent of the male population and 14.3 percent of the female population is 65 or older.13 Figure 11a : Population Distribution by age, United States, 2007 Male 8% 7% 6% 5% 4% Female 100+ 95-99 90-94 85-89 80-84 75-79 70-74 65-69 60-64 55-59 50-54 45-49 40-44 35-39 30-34 25-29 20-24 15-19 10-14 5-9 0-4 3% 2% 1% 0% 0% 1% 2% 3% 4% 5% 6% 7% 8% % of Population Source: U.S. Census Bureau13 7 àà In comparison: In Japan, 18.2 percent of the male population and 23.7 percent of the female population is 65 or older. In France, 13.7 percent of the male population and 18.5 percent of the female population is 65 or older. In Germany, 16.7 percent of the male population and 22.8 percent of the female population is 65 or older. Figure 11b: Population Distribution by age, Japan, 2007 Male 8% 6% 4% 2% 0% 0% 2% 4% 6% 8% 10% 8% 10% Country Profile: United States 10% Female 100+ 95-99 90-94 85-89 80-84 75-79 70-74 65-69 60-64 55-59 50-54 45-49 40-44 35-39 30-34 25-29 20-24 15-19 10-14 5-9 0-4 % of Population Source: U.S. Census Bureau13 Figure 11c: Population Distribution by age, Germany, 2007 Male 10% 8% 6% Female 100+ 95-99 90-94 85-89 80-84 75-79 70-74 65-69 60-64 55-59 50-54 45-49 40-44 35-39 30-34 25-29 20-24 15-19 10-14 5-9 0-4 4% 2% 0% 0% 2% 4% 6% % of Population Source: U.S. Census Bureau13 8 àà Based on current population distributions, the United States expects less rapid population aging than countries with comparable GDP, such as Japan, France, and Germany.13 Figure 11d: Population Distribution by age, France, 2007 Male 8% 7% 6% 5% 4% Female 100+ 95-99 90-94 85-89 80-84 75-79 70-74 65-69 60-64 55-59 50-54 45-49 40-44 35-39 30-34 25-29 20-24 15-19 10-14 5-9 0-4 3% 2% 1% 0% 0% 1% 2% 3% 4% 5% 6% 7% 8% % of Population Source: U.S. Census Bureau13 Established in 2008 by the Center on Aging & Work, the Global Perspectives Institute is an international collaboration of scholars and employers committed to the expansion of the quality of employment available to the 21st century multi-generational workforce in countries around the world. The Global Perspectives Institute focuses on innovative and promising practices that might be adopted by employers and policy-makers. Country Profile Team Tay McNamara, Research Director Vanessa Careiro, Research Assistant Daniel Mak, Research Assistant Global Perspectives Institute The Institute’s research, publications, and international forums contribute to: àà a deeper understanding of the employment experiences and career aspirations of employees of different ages who work in countries around the world; àà informed decision making by employers who want to be employers-ofchoice in different countries; and àà innovative thinking about private-public partnerships that promote sustainable, quality employment. Marcie Pitt-Catsouphes, Director Ariane Ollier-Malaterre, Associate Director Matt Flynn, Policy Perspectives Team Leader Michael Smyer, Employer Perspectives Team Leader Celina Pagani-Tousignant, Corporate Liaison 9 Country Profile: United States About the Institute References 1 Central Intelligence Agency, United States of America. (n.d.). The World Factbook 2007. Retrieved June 12, 2007 from www.cia.gov/library/ publications/the-world-factbook/index.html 2 Toosi, M. (2002). A century of change: the U.S. Labor force, 1950-2050. Monthly Labor Review, 125 (May), 15-28. 3 U.S. Department of Labor, Bureau of Labor Statistics. (n.d.). Labor Force Statistics from the Current Population Survey. Retrieved January 11, 2008 from http://data.bls.gov/cgi-bin/surveymost. 4 Bureau of Labor Statistics. (2008). The Employment Situation: December 2007. Retrieved January 11, 2008 from http://www.bls.gov/news.release/ pdf/empsit.pdf 5 Bureau of Labor Statistics, (n.d.). Retrieved January 11, 2008 from http://www.bls.gov/cps/home.htm#tables 6 Karoly, L. A., & Zissimopoulos, J. (2004). Self-employment among older U.S. workings. Monthly labor review: 24-47. Retrieved January 11, 2008 from http://www.bls.gov/opub/mlr/2004/07/art3full.pdf 7 Statistics Canada (n.d.). Retrieved October 14, 2007 from http:/www.statcan.ca/ 8 OECD. (n.d.). OECD Factbook 2007— Economic, Environmental, and Social Statistics. Retrieved June 12, 2007 from http://stats.oecd.org/ 9 Australian Bureau of Statistics. (n.d.) Retrieved October 14, 2007 from http://www.abs.gov.au/ausstats/ United Kingdom Office of National Statistics. Retrieved October 14, 2007 from http://www.statistics.gov.uk/ 11 Statistics Bureau & Statistical Research and Training Institute, Ministry of Internal Affairs and Communications. (n.d.). Statistical Handbook of Japan. Retrieved October 14, 2007 from http://www.stat.go.jp/english/data/handbook/ 12 International Labor Organization. Retrieved October 14, 2007 from http://www.ilo.org/ 13 United States Census Bureau. Retrieved October 14, 2007 from http://www.census.gov The Center on Aging & Work at Boston College, funded by the Alfred P. Sloan Foundation, is a unique research center established in 2005. The Center works in partnership with decision-makers at the workplace to design and implement rigorous investigations that will help the American business community prepare for the opportunities and challenges associated with the aging workforce. The Center focuses on flexible work options because these are a particularly important element of innovative employer responses to the aging workforce. The studies conducted by the Center are examining employers’ adoption of a range of flexible work options, the implementation of them at the workplace, their use by older workers, and their impact on business and older workers. The Center’s multi-disciplinary core research team is comprised of more than 20 social scientists from disciplines including economics, social work, psychology, and sociology. The investigators have strong expertise 10 Country Profile: United States 10