Academic journal article Monthly Labor Review

The February Review

Academic journal article Monthly Labor Review

The February Review

Article excerpt

The BLS Occupational Outlook Handbook is far and away the most popular sub-section of the BLS Web site. The Handbook home page received more than 500,000 page views in December 2003, and the index of professional occupations was viewed almost 100,000 times. The projections that the articles in this issue present are the quantitative underpinnings of the Handbook and its evaluation of prospects in specific occupations. Thus, we think, it was worth the wait while the projections staff made their transition to the new North American Industry Classification System (NAICS).

Michael W. Horrigan, the Assistant Commissioner in charge of the employment projections program, provides an overview of the concepts and methods used to make the individual projections and the interactions among them. He also summarizes the results of each stage of the process.

Betty W. Su establishes the macroeconomic framework the rest of the projections will assume prevails in 2012: A $12.6 trillion dollar economy (in chained 1996 dollars) with a projected growth rate of GDP of about 3. …

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