The demand for medium term (e.g., 5-year) projections continues to increase. According to many customers of labor market information, five-year projections would better assist individuals to make informed career decisions and give policymakers more relevant information for aligning and allocating current and future resources across the education, workforce and economic development systems. At present, states are funded by the U.S. Department of Labor to produce 2-year and 10-year projections of industry and occupational employment growth. In response to the customer demand, the Projections Managing Partnership (PMP) has issued a Request for Proposal for an Estimation Process for Medium-Term (5-Year) Projections for State and Local Projections Products.
The Projections Managing Partnership (PMP) is a nationally recognized network of state labor market information specialists and experts creating critical information resources for the nation’s workforce system. The PMP serves as the central hub for supporting states as they develop and deliver high-quality state and local employment projections. The PMP has been charged with standardizing methodologies, offering technical assistance, and determining deliverable timetables. With this RFP release, the PMP is seeking the services of a qualified contractor to assist the organization with the development of a robust method to estimate medium-term industry projections and integrate those projections with existing BLS methodology in the production of industry and occupation projections. These projections will become critical components and complement for the existing Projections Suite software used by the states to produce their official projections.
If you or your organization are interested in responding the RFP, download the RFP for more details. The deadline to submit is Thursday, May 30, 2019