Occupational Projections (Long Term)
Occupational Projections (Long Term) provide estimates of current and projected occupational employment for a 10-year projections period. Also provided are the annual growth rate, the number of annual openings, the number of annual transfers from one occupation to another, and the number of annual exits from the labor force. These data are updated every 2 years.
Source: Indiana Department of Workforce Development
Frequently Asked Questions
- How accurate are these job projections?
Readers should view the estimates of projected employment as indicators of relative magnitude and probable direction rather than as estimates of absolute values. Therefore, consider the projections a starting point when studying future industry and occupational employment.
- What is the difference between short-term and long-term projections?
The obvious difference is that short-term projections cover a two-year time span, and long-term projections cover approximately a ten-year time span. But there are major differences in how the data is estimated. The most significant difference is short-term includes the rise and fall of business cycles into the estimating process. Long-term factors out the rise and fall of business cycles and relies more on growth and contraction of industry employment and the changes of staffing patterns within industries.