Article: Evaluating the 1995 industry employment projections.(Cover Story)

The 1995 BLS projections of industry employment foretold the trend of almost all major industry groupings, as the economy hewed closely to the path projected for it

BLS industry employment projections correctly described most broad industry trends over the 1984-95 period. Most of the major industry sectors projected to have faster-than-average growth did so, and 2 of the 3 major sectors projected to decline did lose employment from 1984 to 1995. Services and retail trade were projected to account for 65 percent of the net change in employment, which was very close to the actual 72 percent they attained. Downsizing, which has resulted in the contracting out of many ...

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