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Employment Projections
Employment Projections > Data > Labor Force Projections: Summary of Evaluations

Labor Force Projections: Summary of Evaluations

Percent of labor force segments correctly projected to grow or decline

Projections set

Percent correct

2002–12

79%

2004–14

97%

2006–16

96%

Labor force growth rates, projected vs. actual

Projections set

BLS

Naïve

Actual

2002–12

12%

13%

7%

2004–14

10%

11%

6%

2006–16

8%

7%

5%

Weighted mean absolute percent error in projected labor force levels

Projections set

BLS

Naïve

2002–12

6.70%

5.80%

2004–14

4.47%

4.54%

2006–16

3.83%

3.59%

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Last Modified Date: August 1, 2018