Questions of the Day: What if the BLS is Wrong About its Labor Force and Participation Rate Projections? How Would it Affect the Unemployment Rate?

Questions of the Day: What if the BLS is Wrong About its Labor Force and Participation Rate Projections? How Would it Affect the Unemployment Rate?

by noreply@blogger.com (Mike Mish Shedlock)

On Monday, my "question of the day" was What will the unemployment rate look like for the rest of the decade?

Click on the above link to see an interactive map that lets you select the rate of job growth up to January of 2020.

The base assumptions for the interactive map regarding the noninstitutional population, the labor force, and the participation rate came from revised BLS projections by Mitra Toossi in January 2012: Labor force projections to 2020: a more slowly growing workforce

Note that the accuracy of the unemployment forecast depends on the accuracy of the assumptions. http://globaleconomicanalysis.blogspot.com/2012/12/questions-of-day-what-if-bls-is-wrong.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29