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Outlook 2000. The major trends.

Occupational Outlook Quarterly

|January 4, 1991

Summary

This summary is machine-generated.

The U.S. economy is projected to grow 30% by 2000, with the labor force increasing 16%. Equitable labor markets depend on workers obtaining necessary education and training for future job demands.

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Area of Science:

Economics
Labor Market Analysis
Future Projections

Background:

The American economy experienced significant growth from 1988 to 2000.
Labor force expansion was projected to be slower than economic growth during this period.

Purpose of the Study:

To summarize trends in the U.S. economy, labor force, industries, and occupations.
To analyze the implications of these economic and labor force projections.
To explore the conditions necessary for a more equitable labor market.

Main Methods:

Trend analysis of economic indicators.
Labor force demographic projections.
Occupational and industrial trend forecasting.

Main Results:

Projected 30% growth in the American economy between 1988 and 2000.
Projected 16% increase in the labor force over the same period.
Identification of potential for a more equitable labor market.

Conclusions:

Economic growth presents opportunities for labor market improvement.
Worker education and training are critical for adapting to future employer needs.
Bridging the skills gap is essential for realizing an equitable labor market.