Bureau of Labor Statistics projections of industry and
occupational employment are developed in a series of six
interrelated steps, each of which is based on a different
procedure or model and related assumptions: labor force,
aggregate economy, final demand (GDP) by consuming sector and
product, industry output, industry employment, and employment
and openings by occupation. The results produced by each step
are key inputs to following steps, and the sequence may be
repeated multiple times to allow feedback and to insure
consistency. Further detail is presented in Chapter 13 of the
BLS Handbook of Methods. |Back to Top| Labor force projections
are based on projections of the future size and composition of
the population, as well as on the trends in labor force
participation rates of different age, gender, race, and ethnic
groups, a total of 136 separate categories. The U.S. Census
Bureau prepares projections of the resident population. The size
and composition of the population are affected by the interactio