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Current-Issues-Note-40-Performance-of-GLA-Economics-employment-projections

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Odm ID
8d2908af-2af7-42e3-ab6e-8175ea348f4b
Title
Current-Issues-Note-40-Performance-of-GLA-Economics-employment-projections
Notes
pbullGLA-Economics-has-produced-long-run-projections-of-Londonrsquos-employment-since-2002-These-projections-are-trend-based-and-set-out-the-long-run-path-of-employment-considered-most-likely-based-on-the-historic-data-available-at-the-time-of-construction-These-are-used-within-the-GLA-for-planning-to-provide-capacity-to-accommodate-the-longer-terms-needs-of-the-London-economy-Given-their-importance-to-GLA-policy-planning-this-note-looks-at-how-the-GLA-Economicsrsquo-employment-projections-have-performed-since-2002-and-how-this-compares-to-projections-from-some-other-respected-organisationsppbullAlthough-GLA-Economicsrsquo-employment-projections-are-consistently-below-outturn-much-of-this-is-the-result-of-upward-revisions-to-historic-employment-data-which-underpin-the-projections-model-Further-the-projections-perform-relatively-well-when-looking-at-the-projected-annual-growth-rate-and-average-annual-error-in-relation-to-outturn-with-the-accuracy-of-the-projections-generally-improving-the-longer-the-time-period-over-which-the-estimates-are-analysedppbullThe-revisions-to-historic-employment-data-also-drive-much-of-the-variability-in-the-GLA-Economicsrsquo-employment-projections-numbers-over-time-However-and-by-design-the-revised-projections-are-relatively-consistent-over-time-and-average-revisions-between-iterations-in-GLA-Economics-employment-projections-are-relatively-smallp
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Metadata Updated
2015-10-11 18:35:27
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Date Released
Date Updated
Update Frequency
Ad hoc
Organisation
Greater-London-Authority-GLA
Country
State
Platform
ckan
Language
en
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(not set)