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November 1991

New BLS projections: findings and implications

Ronald E. Kutscher

Alternative projections show a considerable range of change for the labor force, gross national product, and in employment and unemployment. Under all assumptions, job opportunities vary by industry and occupation. This article summarizes the major findings from each topic and highlights some important implications flowing from the projections, including (1) education and training needed for the projected jobs, (2) variation in job opportunities for those with different levels of education, (3) the range of the three alternatives prepared by BLS and their employment and other implications, and (4) the changing race, age, and sex mix of the labor force.

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