Monday, March 10, 2014

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[IWS] New! CHARTS: EIGHT DIFFERENT FACES OF THE LABOR MARKET [10 March 2014]

IWS Documented News Service

_______________________________

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

________________________________________________________________________

 

Federal Reserve Bank of New York

 

[CHARTS] EIGHT DIFFERENT FACES OF THE LABOR MARKET [10 March 2014]

http://www.newyorkfed.org/labor-conditions/

 

The labor market is far more complex than a few indicators, like the unemployment rate or payroll growth, can capture. Understanding the workings of the labor market requires closely following the evolution of different aspects of the labor market. In this page, we have presented various important labor market indicators, in eight main categories, to provide a complete snapshot of the labor market. To understand the definitions and importance of these indicators, see our Liberty Street Economics blog [see the link below]

 

Press Release 10 March 2014

Just Released: Beyond the Unemployment Rate: Eight Different Faces of the Labor Market

by Samuel Kapon and Ayşegül Şahin

http://libertystreeteconomics.newyorkfed.org/2014/03/just-released-beyond-the-unemployment-rate-eight-different-faces-of-the-labor-market.html

 

The CHARTS consist of the following:

 

UNEMPLOYMENT

 

o    Prime-Age Male Unemployment Rate (25-54)

o    Prime-Age Female Unemployment Rate (25-54)

o    Special U Rates

 

 

EMPLOYMENT

 

o    Employment-to-Population Ratio

o    Payroll Employment

o    Household Employment-Monthly Change

o    Temporary Employment-Monthly Change

 

HOURS

 

o    Average Weekly Hours-12 Month Change

o    Index of Aggregate Weekly Hours-12 Month Change

o    Fraction of Workers Who Are Full-Time

 

 

LABOR DEMAND

 

o    Vacancy and Hires Rates

o    Diffusion Index

o    Vacancy-Unemployment Ratio

o    Job-Finding Rate

o    Quits Rate

o    Median Duration of Unemployment

 

 

LABOR FORCE PARTICIPATION

 

o    Labor Force Participation Rate (LFPR) - 3mma

o    Prime Age Male LFPR - 3mma

o    Prime Age Female LFPR - 3mma

o    Non-participation-to-Labor Force Rate

o    Labor Force-to-Non-participation Rate

 

 

JOB LOSS

 

o    Job Loss Rate

o    Unemployment Insurance: Initial Claims

o    Employment-To-Unemployment Rate

 

 

WAGES

 

o    Average Hourly Earnings-12 Month % Change

o    Average Weekly Earnings-12 Month % Change

 

MISMATCH

 

o    Mismatch Index by Occupation

o    Mismatch Index by Industry

 

[Thanks to Suzanne Cohen, Collection Development Librarian at the Catherwood Library, ILR School, Cornell University for the tip].

________________________________________________________________________

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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