Labor force participation rate has been trending downward since 2010 and there are many factors that will affect the national workforce in the next ten years. Populations will shift, necessary skills will change, and detailed analysis has the ability to forecast what the demographic landscape might look like as a result.
Please feel free to join REMI for a guest webinar, “The Demographic Forecast in the REMI Model: State-by-State Drivers to 2030,” on Tuesday, September 17th from 2 to 3 p.m. (ET), with an encore presentation on Thursday, September 19th from 2 to 3 p.m. (ET), that will be presented by Scott Nystrom, Senior Director at FTI Consulting, Inc.
For this discussion, Mr. Nystrom will be describing the methodologies underlying the demographic portion of the REMI model and how it projects state-by-state population from the present through 2030. He will explain how the model handles natural change, special populations, and migrations of various types, including economic migration, retired migration, and international migration.
After the explanation of the model’s capabilities, this guest webinar presentation will examine how those various factors influence each state differently through the model’s baseline forecast over the next decade. It will serve as an overview on many of the technical details of demographic forecasting in the REMI model for interested parties and those curious about how their state’s population changes going forward.