BLS Revised Jobs Projections: What It Means for Investors

Marc Rapport, The Motley Fool
·5-min read

The federal Bureau of Labor Statistics has just updated its employment projections for the next 10 years as a result of the pandemic, and its assessments provide a useful macro view for real estate investors. The intent of the report, titled Employment Projections in a Pandemic Environment, is to estimate how potential shifts in consumer spending behavior and workplace structural changes can affect employment levels over the next decade. In recognition of the continuing uncertainty surrounding the pandemic’s path, the BLS analysts first assessed the pandemic’s immediate impact and then looked at future employment by sector through two different scenarios: strong and moderate long-term effects.