IWS Documented News DAILY POSTINGS

IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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ISSUES in LABOR STATISTICS

Summary 10-03 / March 2010 • U.S. Department of Labor • U.S. Bureau of Labor Statistics

Job availability during a recession: an examination of the number of unemployed persons per job opening [25 March 2010]

http://www.bls.gov/opub/ils/pdf/opbils80.pdf

[full-text, 4 pages]

[excerpt]

Combining the unemployment level, seasonally adjusted, and total job openings data, seasonally adjusted, produces a ratio between the two series that can serve as an indication of how the number of unemployed persons per job opening changes over time. This number has been used by researchers and the media as an additional way to analyze the current recession. There are

some caveats that accompany using the JOLTS and CPS data sources since they are two distinct surveys that are sampled and designed to collect different types of information. However, this ratio can providea way to look at the changingcomposition of labor supply as it relates to labor demand.

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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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