Average Vacancy Duration Is Nearly Unchanged in December: The Broader Trends Is Toward Tighter Labor Markets Dr. Steven J. Davis University of Chicago.

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Presentation transcript:

Average Vacancy Duration Is Nearly Unchanged in December: The Broader Trends Is Toward Tighter Labor Markets Dr. Steven J. Davis University of Chicago Booth School of Business February 10,

Sample 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/ February 10, 2015

Decennial Census Hiring

Three-Month Moving Averages

Mean Vacancy Duration (Number of Working Days) By Industry and Time Period 2001 to to to 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 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 Professional and Business Services Private Non-Farm Recruiting Intensity Index By Industry and Time Period 2001 to to to Professional and Business Services Private Non-Farm

Mean Vacancy Duration by Establishment Size Selected Time Periods Class Size 2001 to to to Jan Nov % chg – Nov % % % % % % Recruiting Intensity Index By Establishment Size and Time Period Class Size 2001 to to to Jan Nov % chg – Nov % % % % % %

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),