Abstract #301846

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JSM 2003 Abstract #301846
Activity Number: 252
Type: Contributed
Date/Time: Tuesday, August 5, 2003 : 10:30 AM to 12:20 PM
Sponsor: Section on Government Statistics
Abstract - #301846
Title: What an Indicator of Labor Demand Means for U.S. Labor Market Analysis: Initial Results from the Job Openings and Labor Turnover Survey
Author(s): Kelly Clark*+
Companies: Bureau of Labor Statisitcs
Address: Suite 4840, Washington, DC, 20212,
Keywords: labor market ; labor demand ; job opening ; vacancy ; turnover
Abstract:

The Bureau of Labor Statistics (BLS) has developed an establishment survey that is producing new, nationally representative data on labor demand in the United States. In addition to adding to the federal statistical framework, these data are shedding new light on the U.S. labor market and economy in general. This paper begins by briefly describing the new Job Openings and Labor Turnover Survey (JOLTS). The paper then describes current findings based on the published job opening estimates, including an in-depth look at the openings-unemployment relationship. Preliminary results of Beveridge curve analysis are presented, as well as implications for other national economic indicators. The paper also briefly details future uses for the data once a longer time series is developed and after seasonal adjustment can be performed.

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