Job Vacancy Durations Climb to Another New Peak Average Duration Exceeds Six Weeks for Openings in Manufacturing Dr. Steven J. Davis University of Chicago.

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Presentation transcript:

Job Vacancy Durations Climb to Another New Peak Average Duration Exceeds Six Weeks for Openings in Manufacturing Dr. Steven J. Davis University of Chicago Booth School of Business July 8,

Statistical Products Derived from JOLTS Data Charts and tables produced using data from the Job Openings and Labor Turnover Survey following the analytical framework and measurement methods in Davis, Faberman and Haltiwanger (2012, 2013). Steven J. Davis faculty.chicagobooth.edu/steven.davis/ July 8, 2014

Decennial Census Hiring

Three-Month Moving Averages

Mean Vacancy Duration (Number of Working Days) By Industry and Time Period 2001 to to to Jan May 2014 Resources Construction Manufacturing Wholesale and Retail Trade Warehouse, Trans. & Utilities Information Financial Services Professional and Business Services Education Health Services Leisure and Hospitality Other Services Government Non-Farm

Recruiting Intensity Index By Industry and Time Period 2001 to to to Jan May 2014 Resources Construction Manufacturing Wholesale and Retail Trade Warehouse, Trans. & Utilities Information Financial Services Professional and Business Services Education Health Services Leisure and Hospitality Other Services Government Non-Farm

Focus on Professional & Business Services Mean Vacancy Duration (Number of Working days) By Industry and Time Period 2001 to to to Jan May 2014 Professional and Business Services Private Non-Farm Recruiting Intensity Index By Industry and Time Period 2001 to to to Jan May 2014 Professional and Business Services Private Non-Farm

Mean Vacancy Duration by Establishment Size Selected Time Periods Class Size 2001 to to to Jan Feb Recruiting Intensity Index By Establishment Size and Time Period Class Size 2001 to to to Jan Feb

References Davis, Steven J., R. Jason Faberman and John Haltiwanger (2012), “Recruiting Intensity during and after the Great Recession: National and Industry Evidence,” American Economic Review, Papers & Proceedings, 102, no. 3 (May), Davis, Steven J., R. Jason Faberman and John Haltiwanger (2013), “The Establishment-Level Behavior of Vacancies and Hiring,” Quarterly Journal of Economics, 128, no. 2 (May),

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