In 2025, the U.S. labor market is undergoing a significant demographic shift. Approximately 4.18 million Americans reach retirement age this year (about 11,400 turn 65 each day). The Bureau of Labor Statistics projects that the labor force will grow at a modest 0.4% annually from 2023 to 2033, reaching 173.3 million by 2033. The problem: we’ll need to fill 192 million job openings, according to the Bipartisan Policy Center.