Labor Department forecast: Aging Baby Boomers will reshape the employment market over the next decade.
The retirement of aging Baby Boomers will reshape the job market over the next decade, leading to the smallest portion of Americans employed or looking for work since the mid-1970s, barely six in 10, a new Labor Department forecast predicts.
The result: slower economic growth but new employment opportunities in health care, where millions of new jobs are likely to be created.