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November 1993, Vol. 116,
The American Workforce, 1992 to 2005
The U.S. economy to 2005:
framework for BLS projections
Norman C. Saunders
Economist, Office of Employment
Projections, Bureau of Labor Statistics
BLS projects a wide range
for gross domestic product, accompanied by several key shifts in
the composition of its demand components. As with prior BLS
aggregate economic projections, three alternatives have been
developed: low growth, moderate growth, and high growth. Under
these assumptions, GDP is expected to grow between 1.5 and 3.0
percent from 1992 to 2005. This article describes BLS projections
for the U.S. economy to 2005.
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