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September 1997, Vol. 120,
No. 9
Arthur Andreassen
Economist, Office of Employment Projections,
Bureau of Labor Statistics
This article examines the accuracy of BLS industry employment projections for 1995. The 1995 BLS projections of industry employment foretold the trend of almost all major industry groupings, as the economy hewed closely to the path projected for it. From 1984 to 1995, two of the 3 major sectors projected to lose employment did decline, while most major industry sectors projected to have faster than average growth did so.
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