Assessing projections of management jobs

June 16, 1999

The accuracy of BLS employment projections of executives and managers has fluctuated over the years. For some periods, the projections were quite close and in others, they were off by a fairly wide margin.

Projected and actual change in employment of executives and managers, selected projection periods
[Chart data—TXT]

The projections of executive and managerial employment growth were generally accurate in three of the five periods shown in the chart: 1960-70, 1960-75, and 1980-90. The 1960-75 employment projection was almost equal to actual growth. In all three of these cases, actual employment growth was beneath projected growth.

The actual growth rate of employment of executives and managers was far above the projected rate in 1968-80 and 1984-95. The biggest discrepancy was in the 1968-80 period, in which actual employment growth (43 percent) was almost twice as high as projected growth (22 percent). While not as large, the difference between projected and actual growth was also broad in 1984-95, at 13 percentage points.

Data on projections are produced by the BLS Employment Projections program. Find more information on the accuracy of employment projections in "The quality of BLS projections: a historical account," Monthly Labor Review, May 1999.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Assessing projections of management jobs on the Internet at http://www.bls.gov/opub/ted/1999/jun/wk3/art03.htm (visited September 25, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.