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Employment Projections

Macro Projections Evaluation: 2008–2018

GDP projections, actual, and potential (in millions, $2012)
Year BLS Projection BEA Actual Potential

1998

12,038.3 11,884.125

1999

12,610.50 12,392.25

2000

13,131.0 12,917.7

2001

13,262.1 13,401.775

2002

13,493.1 13,810.525

2003

13,879.1 14,182.475

2004

14,406.4 14,562.125

2005

14,912.5 14,946.825

2006

15,338.3 15,281.825

2007

15,626 15,579.575

2008

15,604.7 15,867.95

2009

15,208.8 16,105.7

2010

15,598.8 16,279.575

2011

15,840.7 16,472.725

2012

16,197 16,711.725

2013

16,495.4 16,987.275

2014

16,912 17,279.425

2015

17,403.8 17,584.65

2016

17,688.9 17,892.425

2017

18,108.1 18,197.7

2018

19,736.91,363 18,638.2 18,535.8
Unemployment rate, projected, actual, and potential
Year BLS Projected Actual Unemp Rate Potential

1998

4.5 5.2895

1999

4.2 5.25

2000

4 5.20875

2001

4.7 5.16675

2002

5.8 5.124

2003

6 5.082

2004

5.5 5.0425

2005

5.1 5.0075

2006

4.6 4.97875

2007

4.6 4.92725

2008

5.8 4.88625

2009

9.3 4.938

2010

9.6 5.03575

2011

8.9 5.07575

2012

8.1 5.028

2013

7.4 4.92525

2014

6.2 4.80825

2015

5.3 4.68875

2016

4.9 4.63025

2017

4.4 4.609

2018

5.1 3.9 4.5895

Source: Bureau of Labor Statistics Current Population Survey, Congressional Budget Office, 2008-2018 Bureau of Labor Statistics

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Last Modified Date: March 16, 2020