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<br />The purpose of the review was to determine if any elements of the <br /> <br /> <br />1984 policy forecasts are incompatible with the assumptions made in the <br /> <br />Task 2 analysis. <br /> <br />Based upon the critique of the DRCOG forecasts, the following <br />modifications were determined to be necessary: <br /> <br />Adjustment of the year 2005 to 2010 Denver region employment <br /> <br />growth rate so that the Denver region's share of the United States' <br /> <br /> <br />employment growth is more consistent with the evident trend; <br /> <br />Application of a constant unemployment rate of 4.6 percent from <br />1990 to 2010; this is consistent with that projected for the United <br />States under the assumptions adopted by DRCOG for the purpose of <br />developing forecasts for the Denver region; <br /> <br />Revision of labor force participation rates to reflect the <br /> <br />characteristics of the Denver region in a consistent manner; and <br /> <br />Revision of household size for the years 2000 to 2010 to assume <br /> <br />constant household formation rates for the year 1995, as applied to the <br /> <br />1984 DRCOG age distribution forecasts. <br /> <br />Modification of the labor force participation rate is the most <br /> <br />significant revision of the DRCOG forecasts. Revision was necessary <br /> <br /> <br />to: <br /> <br />Reflect the aging of the population; <br /> <br />Recognize differences among male and female participation <br /> <br />rates; <br /> <br />13 <br />