Long-range U.S. Manpower forecasts in retrospect: How accurate were we?

This paper compares and evaluates the accuracy of long-range occupational manpower forecasts made for 1980 in the early 1970s by the U.S. Bureau of Labor Statistics and by the author. The different assumptions and forecasting methodologies utilized are discussed, and the occupational forecasts are then compared to the actual 1980 employment data. The relative accuracy of the different sets of forecasts is assessed according to several different criteria, and the larger question of the usefulness of either set of forecasts is addressed. It is found that neither set of forecasts was clearly superior, that the accuracy of both sets of forecasts was generally poor, and that the projections for individual occupations were often so wide of the mark as to be of questionable usefulness for manpower planning and vocational guidance. The implications of these findings for manpower forecasting are discussed.