Table 3.
Employment forecasts
19–20 | 20–21 | 21–22 | 22–23 | 23–24 | 24–25 | Sum | |
---|---|---|---|---|---|---|---|
Dec 2019 Forecasts | 2.25% | 2.75% | 3.0% | 3.0% | 3.0% | 3.0% | |
Implied Employment | 102.3 | 105.1 | 108.2 | 111.5 | 114.8 | 118.2 | |
May 2021 Forecasts | − 4.2% | 6.5% | 1.0% | 1.0% | 1.25% | 1.25% | |
Implied Employment | 95.8 | 102.0 | 103.0 | 104.1 | 105.4 | 106.7 | |
Shortfall | 6.5 | 3.1 | 5.2 | 7.4 | 9.4 | 11.5 | 43.1 |