The 2003 Long-Term Economic and Labor Force Forecast for Washington

This annual publication contains long-term population, labor force, employment, and personal income projections for Washington State. The Office of Financial Management (OFM) Forecasting Division, and the Employment Security Department Labor Market and Economic Analysis Branch jointly prepare the labor force and employment projections. The forecast horizon extends from 2001 to 2027. The medium-term forecast for the 2003-2005 period is consistent with the February 2003 Economic and Revenue Forecast Council official state economic forecast.

In contrast to the short-term economic forecasts that focus on assessing business cycle conditions, long-term projections examine demographic trends, structural changes in industries, changes in production factors such as labor supply and capital investment, and technology/productivity advancements.

Entire Publication (pdf)

Table of Contents (pdf)
Executive Summary (pdf)
Chapter 1: Long-Term Forecasts of Washington Population and Net Migration (pdf)
Chapter 2: Long-Term Forecast of the Washington Labor Force (pdf)
Chapter 3: Long-Term Forecast of Washington Wage and Salary Employment (pdf)
Chapter 4: Long-Term Forecast of Washington Personal Income (pdf)