New tools for labor market analysis: JOLTS

"Analysis of the U.S. labor market is a difficult and challenging effort. A number of existing economic indicators, including the unemployment rate, payroll employment, and others, serve as useful measures of labor market activity, general economic conditions, and labor supply. However, to faci...

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Bibliographic Details
Published in:Monthly Labor Review 2001-12, Vol.124 (12), p.32-37
Main Authors: Clark, Kelly A., Hyson, Rosemary
Format: Article
Language:English
Subjects:
Business economics
Economic conditions
Economic fluctuations
Economic indicators
Economic recessions
Economic statistics
Economic surveys
Economists
Employee turnover
Employment
Employment forecasting
Employment Statistics
Federal employees
Government agencies
Job openings
Job vacancies
Labor demand
Labor economics
Labor force surveys
Labor market
Labor markets
Labor supply
Phillips curve
Polls & surveys
Surveys
Turnover
U.S. Bureau of Labor Statistics
Unemployment
Wages & salaries
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Summary:"Analysis of the U.S. labor market is a difficult and challenging effort. A number of existing economic indicators, including the unemployment rate, payroll employment, and others, serve as useful measures of labor market activity, general economic conditions, and labor supply. However, to facilitate a more comprehensive analysis of the U.S. labor market and to show how changes in labor supply and demand affect the overall economy, the Bureau of Labor Statistics will introduce a new data series measuring labor demand and turnover: the Job Openings and Labor Turnover Survey (JOLTS)...This article briefly describes the survey and then discusses how JOLTS data will help enrich analysis of the U.S. labor market and the economy as a whole." (Monthly Labor Review)
ISSN:0098-1818
1937-4658