- Provision of labour market information
The Public Employment Service's forecast (The Occupational Compass)
This forecast is conducted on 200 occupations.
The Occupational Compass is a web-based service presenting labour market information and outlooks for almost 200 occupations over the next 1 and 5 years. It is targeting those who are about to choose their future occupation and those who are working with outplacement or counselling services. The Occupational Compass is updated, revised and published twice a year. The short-term forecasts on one-year-basis are done at the local level, while the long-term forecasts (5 years) are only done at the national level. The forecast is based on retirement statistics, the availability of education positions and occupational choices and participation in the labour force (Arbetsförmedlingen).
- National funds
Public employment services
Conducted by PES.
The Occupational Compass covers the largest and most common occupations in the labour market and professions. It covers about 80% of employment options in the labour market. Forecasts are made for one year and five years into the future. Occupations involving very few employees are not covered.
This is one of few labour market forecasts that provides detailed projections at the occupational level (Västra Götalandsregionen, 2010).
The annual assessment is based on the individual local employment offices' forecasting. The results are then summarised to a regional and national assessment. In a government report, some doubts on the quality of the local offices' forecasts accuracy were raised (SOU 2007:18).