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Employment Projections

Macro Projections: Summary of Evaluations

Gross Domestic Product, projected, actual, and potential (millions of chained 2012 dollars)
Year Actual Potential Projected 2008-18 Projected 2006-16 Projected 2004-14

1994

10352.4 10471.6

1995

10630.3 10739.8

1996

11031.4 11041.1

1997

11521.9 11422.5

1998

12038.3 11884.1

1999

12610.5 12392.2

2000

13131 12917.7

2001

13262.1 13401.8

2002

13493.1 13810.6

2003

13879.1 14182.5

2004

14406.4 14562.1 14498.57367

2005

14912.5 14946.9 14890.80831

2006

15338.3 15281.8 15383.1093 15283.04296

2007

15626 15579.5 15983.95453 15675.2776

2008

15604.7 15868 15132.6063 16584.79976 16067.51225

2009

15208.8 16105.7 15593.03703 17185.64499 16459.7469

2010

15598.8 16279.6 16053.46776 17786.49023 16851.98154

2011

15840.7 16472.7 16513.8985 18387.33546 17244.21619

2012

16197 16711.7 16974.32923 18988.18069 17636.45083

2013

16495.4 16987.3 17434.75996 19589.02592 18028.68548

2014

16912 17279.4 17895.1907 20189.87116 18420.92012

2015

17403.8 17584.6 18355.62143 20790.71639

2016

17688.9 17892.4 18816.05216 21391.56162

2017

18108.1 18197.7 19276.48289

2018

18638.2 18535.8 19736.91363

2019

19072.7 18915.5

Source: Bureau of Labor Statistics Current Employment Statistics; Congressional Budget Office; and 2004–14, 2006–16, and 2008–18 Bureau of Labor Statistics Projections.

Data as of January 31, 2020.

Unemployment rate, projected, actual, and potential
Year Actual Unemp Rate Potential 2004-14 BLS Projected 2006-16 BLS Projected 2008-18 BLS Projected

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 5

2015

5.3 4.68875

2016

4.9 4.63025 5

2017

4.4 4.609

2018

3.9 4.5895 5.1

Source: Bureau of Labor Statistics Current Population Survey; Congressional Budget Office; and 2002–12, 2004–14, 2006–16, and 2008–18 Bureau of Labor Statistics Projections.

Data as of January 31, 2020.

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Last Modified Date: March 16, 2020