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Employment Projections

Macro Projections Evaluation: 2012–2022

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

2002

13,488.4 13,758.1

2003

13,865.5 14,115.8

2004

14,399.7 14,459.0

2005

14,901.3 14,823.2

2006

15,315.9 15,166.7

2007

15,623.9 15,480.9

2008

15,643.0 15,766.2

2009

15,236.3 16,016.5

2010

15,649.0 16,223.1

2011

15,891.5 16,486.9

2012

16,254.0 16,809.9

2013

16,553.3 17,102.8

2014

16,932.1 17,418.5

2015

17,390.3 17,763.6

2016

17,680.3 18,077.3

2017

18,076.7 18,389.1

2018

18,609.1 18,752.8

2019

19,036.1 19,108.8

2020

18,509.1 19,454.8

2021

19,609.8 19,808.4

2022

20,094.2 20,014.1 20,197.9

Source: Bureau of Economic Analysis(BEA), Congressional Budget Office(CBO), and 2012-2022 Bureau of Labor Statistics

Unemployment rate, projected, actual, and potential
Year BLS Projected Actual Unemp Rate Potential

2002

5.8 5.1

2003

6.0 5.1

2004

5.5 5.0

2005

5.1 5.0

2006

4.6 5.0

2007

4.6 4.9

2008

5.8 4.9

2009

9.3 4.9

2010

9.6 4.8

2011

8.9 4.8

2012

8.1 4.8

2013

7.4 4.7

2014

6.2 4.7

2015

5.3 4.7

2016

4.9 4.6

2017

4.4 4.6

2018

3.9 4.6

2019

3.7 4.5

2020

8.1 4.5

2021

5.3 4.5

2022

5.4 3.6 4.4

Source: Bureau of Labor Statistics Current Population Survey(CPS), Congressional Budget Office(CBO), 2012-2022 Bureau of Labor Statistics

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Last Modified Date: January 19, 2024