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The Long-run Employment Outlook

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How will our economy look in 2006? Many sources of uncertainty confound long-run projections like the Bureau of Labor Statistics’ (BLS) estimates of employment patterns. Nonetheless, these prognostications can help employers, students, and even current workers because they are relevant to decisions on hiring, training, and retraining. To be useful, labor market projections should include estimates of both the supply of workers with various skills and firms’ demand for workers in each skill category.

Suggested citation: “The Long-run Employment Outlook,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-06, pp. 13-14, 06.01.1998.

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