Maryland Occupational & Industry Projections - Workforce Information & Performance
Employment Projections - Methodology
The industry employment projections are designed to:
- Identify industries in which job openings are expected to occur.
- Identify the state's rapidly-growing, stable or declining industries.
The occupational employment projections are designed to:
- Identify the state's rapidly-growing, stable or declining occupations.
- Indicate the projected demand for workers in occupations.
Recommended Uses of the Projections Data
- Planning for future training needs
- Analyzing future industry and occupational needs
- Aiding workforce recruiting efforts
- Analyzing occupational supply/demand]
The projections are prepared every two years and are NOT updated between publication years. During the projections process, the past round of industry projections are reviewed and adjusted as necessary to reflect events that have recently occurred or are anticipated to occur during the projections period, based upon the availability of reliable and quantifiable data.
The projections should be used with other sources of information when making important decisions about business expansion, educational program development and career choices.
Assumptions & Limitations
The projections reflect studies of past and present industrial trends. They illustrate what is likely to happen, barring major changes from past trends. These projections are based largely on the same major economic assumptions the U.S. Bureau of Labor Statistics uses to develop national projections. These assumptions are:
- Certain fundamental conditions will prevail throughout the projections period in the institutional framework of the U.S. and state economy; fluctuations in economic activity due to the business cycle will continue to occur.
- Recent technological and scientific trends will continue.
- Attitudes toward work, education, income and leisure will not change significantly; for example, the average workweek will not change markedly.
- Population growth rates will not differ significantly from the U.S. Census Bureau data presently available.
- No major events, such as war or other catastrophic events; will occur that will significantly alter the industrial structure of the economy, the occupational staffing patterns or the rate of long-term growth.
The projections are not intended to be precise point estimates of employment for each industry or occupation. It is unlikely that the projections data will precisely predict actual employment developments due to unforeseen state, national and international trends and policies. However, the basic trends should prove accurate and aid in successful decision making. Users should view the projected worker estimates as indicators of relative magnitude and direction rather than estimates of absolute values and use the data as a starting point when studying expected occupational employment levels.
Inquiries regarding methodology, additional information, or general assistance may be directed to:
Maryland Department of Labor