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Winter 2011-12
Vol. 55, Number 4

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Winter 2011-12 Vol. 55, Number 4

Overall economy

The economy's need for workers originates in the demand for the goods and services that these workers provide. So, to project employment, BLS starts by estimating the components of gross domestic product (GDP) for 2020. GDP is the value of the final goods produced and services provided in the United States. Then, BLS estimates the size—in inflation-adjusted dollars—of the five major categories of production.

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U.S. Department of Labor
Bureau of Labor Statistics

Last Updated: April 3, 2012