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Q1<br />

Q2<br />

2000 Q3<br />

Q4<br />

Q1<br />

Q2<br />

2001 Q3<br />

Q4<br />

Q1<br />

Q2<br />

2002 Q3<br />

Q4<br />

Q1<br />

Q2<br />

2003 Q3<br />

Q4<br />

Q1<br />

Q2<br />

2004 Q3<br />

Q4<br />

Q1<br />

Q2<br />

2005 Q3<br />

Q4<br />

Perhaps <strong>the</strong> most valuable test is <strong>of</strong> “smoothness” <strong>of</strong> continuation <strong>of</strong> <strong>the</strong> trend from <strong>the</strong> actual figures in<br />

recent years, as detected by <strong>the</strong> eye**.<br />

While, overall, this model is by no means perfect, it is never<strong>the</strong>less believed to a be a robust enough basis<br />

for considering futures up to <strong>the</strong> year 2005, and can be updated as new data appears. It is undoubtedly<br />

true that “employment development” curves can in principle change dramatically. However, in practice<br />

<strong>the</strong> “overall inertia in <strong>the</strong> system” means this is very unlikely, so that “smoothness” <strong>of</strong> <strong>the</strong> growth curves<br />

is in reality a very powerful consideration.<br />

Figure 19<br />

Growth Scenarios<br />

(Source: Eurostat holdings <strong>of</strong> EU Member State <strong>Labour</strong> Force <strong>Survey</strong>s: data for ISCO 312)<br />

2.5<br />

Trough<br />

Characteristic<br />

Scenario 1<br />

(2% p.a.)<br />

Scenario 2<br />

(5% p.a.)<br />

Scenario Factor<br />

1.5<br />

1<br />

Scenario 3<br />

(10% p.a.)<br />

Scenario 4<br />

(15% p.a.)<br />

0.5<br />

0<br />

Year/Quarter<br />

The fact that <strong>the</strong> most recent figures available at <strong>the</strong> time <strong>of</strong> writing for all Member States are for Quarter<br />

2 <strong>of</strong> 2000 is inevitably a problem (since <strong>the</strong>re has been significant change in <strong>the</strong> employment growth<br />

since <strong>the</strong>n): however, since <strong>the</strong> figures for subsequent Quarters <strong>of</strong> 2001 will be appearing over <strong>the</strong><br />

coming months, it will be possible as <strong>the</strong>y arrive to clarify which scenario has been closest to <strong>the</strong> actual<br />

development, and, on a country-by-country basis <strong>the</strong> discrepancies will be used to influence <strong>the</strong> refining<br />

<strong>of</strong> <strong>the</strong> scenarios.<br />

** it is recognized that <strong>the</strong>se are scenarios only in <strong>the</strong> sense <strong>of</strong> possible future trajectories <strong>of</strong> employment growth.<br />

Full scenario analysis would normally involve a series <strong>of</strong> explicit assumptions about development <strong>of</strong> a series <strong>of</strong><br />

“drivers” (e.g. Political, Economic, Social and Technological)<br />

C E P I S I.T. PRACTITIONER SKILLS IN EUROPE | Section 5 | 77

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