According to the U.S. Bureau of Labor Statistics, by the year of 2029 employment is projected to grow from 162.8 million to 168.8 million, which marks an increase of 6.0 million jobs. This, however, reflects an annual growth rate of 0.4 percent, slower than the 2009–19 annual growth rate of 1.3 percent, which was bolstered by recovery from the 2007–09 Great Recession. Meanwhile, labor productivity is projected to increase from 1.1 percent annually over the 2009 to 2019 period, to 1.8 percent annually from 2019 to 2029.
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