Long-Term Industry Employment Projections
Long-Term Industry Employment Projections data development is accomplished by using three sources:
1) The Quarterly Census of Employment and Wage Reports provide all of the covered employment for Arkansas. A firm or business is considered “covered” if it meets the guidelines established under the Unemployment Insurance Law.
2) The Current Employment Statistics Survey provides employment information for non-covered establishments, which are railroads, Work Study, churches, religious-based schools, church-related day cares, elected officials, commissioned insurance agents, and sheltered workshops.
3) Agriculture employment is obtained from the Census of Agriculture.
The industry projections were produced using the Projections Suite Software, authorized by the U.S. Department of Labor and developed by the Utah Department of Workforce Services. The program allows the projection analyst to choose from a variety of pre-defined, generally accepted projections models including linear and multiple regression models and shift-share models. Independent variables that may be used in the regression models are time, national employment, state population, state personal income, state civilian labor force, plus a variety of other national and state variables. A final forecast is chosen based on established statistical methodology.
For more information go to the Department of Labor's Employment Projections Home Page.
The Projections Data are produced in partnership with the U.S. Department of Labor.
Long-Term Industry Employment Projections are produced every two years for the State and for the Local Workforce Investment Areas.The projection period is ten years. They are displayed by Industries. Industries are classified under the North American Industry Classification System (NAICS). Employment data displayed by industry gives Estimated Employment, Projected Employment, Numeric Change in employment, the Percent Change of employment, and whether the employment is growing.