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