1. Mean Vacancy Duration Rose to 28.3 Working Days in March
Dr. Steven J. Davis
University of Chicago Booth School of Business
May 9, 2017

2. Selected Statistical Products, DHI Hiring Indicators Report
Slides 2-13 below show charts and tables produced using data from the Job Openings and Labor Turnover Survey, and following the analytical framework and measurement methods in Davis, Faberman and Haltiwanger (2012, 2013).
Steven J. Davis
faculty.chicagobooth.edu/steven.davis/
May 2017

4. Decennial
Census
Hiring

7. Three-Month Moving Averages

10. Three-Month Moving Averages

11. Recruiting Intensity Index By Industry and Time Period
2001 to 2003
2004 to 2006
2008
2009
2010 to 2012
2013
2014
2015
2016
Jan.-Mar. 2017
Resources
0.99
1.06
1.05
0.70
1.00
0.98
1.04
0.89
1.03
1.25
Construction
1.07
0.90
1.01
0.94
0.88
0.87
Manufacturing
1.02
1.09
0.95
0.85
0.92
0.93
0.96
Wholesale and Retail Trade
1.10
0.84
Warehouse, Trans. & Utilities
1.13
1.11
1.12
Information
1.08
0.83
0.91
1.16
1.14
Financial Services
Professional and Business Services
Education
Health Services
0.97
Leisure and Hospitality
Other Services
Government
Non-Farm
0.86

12. Mean Vacancy Duration (Number of Working Days)
By Industry and Time Period
2001 to 2003
2004 to 2006
2008
2009
2010 to 2012
2013
2014
2015
2016
Jan.-Mar. 2017
Resources
12.0
14.0
18.1
13.5
18.7
17.4
22.5
17.5
13.0
17.3
Construction
7.9
8.8
7.3
4.3
6.1
9.5
10.9
11.4
14.9
11.2
Manufacturing
20.9
21.6
13.8
23.4
28.4
29.2
30.4
32.1
30.9
Wholesale and Retail Trade
14.2
15.8
15.5
13.1
15.9
19.8
18.6
21.0
24.1
23.7
Warehouse, Trans. & Utilities
17.0
20.6
11.3
18.2
23.9
29.1
27.3
25.1
Information
25.8
36.0
34.5
40.9
36.4
36.8
35.6
26.7
Financial Services
28.0
27.6
25.7
33.3
36.1
37.1
43.1
44.7
46.8
Professional and Business Services
18.3
19.9
21.3
16.6
18.8
19.6
22.0
27.0
26.3
25.5
Education
25.0
18.5
21.1
26.5
29.9
28.8
31.8
Health Services
39.1
35.8
29.8
33.5
34.6
38.4
44.6
47.7
49.7
Leisure and Hospitality
13.7
14.8
10.4
13.3
19.3
19.7
19.5
Other Services
25.2
16.9
18.9
20.1
22.2
30.1
29.7
Government
33.2
30.7
35.7
32.2
33.0
35.9
37.7
37.8
37.9
Non-Farm
20.0
26.9
27.7

13. Focus on Professional & Business Services
Mean Vacancy Duration (Number of Working days)
By Industry and Time Period
2001 to 2003
2004 to 2006
2008
2009
2010 to 2012
2013
2014
2015
2016
Jan.-Mar. 2017
Professional and Business Services
18.3
19.9
21.3
16.6
18.8
19.6
22.0
27.0
26.3
25.5
Private
19.3
20.1
15.5
19.0
21.6
23.2
26.1
27.3
Non-Farm
20.0
21.1
22.5
24.1
26.9
28.0
27.7
Recruiting Intensity Index
1.08
1.07
0.90
0.83
0.94
0.96
1.00
1.01
1.03
0.98
1.05
0.95
0.86
0.92
0.99
1.02

14. Mean Vacancy Duration by Establishment Size
Selected Time Periods
Class Size
2001 to 2003
2004 to 2005
2006
2008
2009
2010 to 2012
2013
2014
2015
Jan.-Nov 2016
1-9
19.4
18.2
17.2
19.9
13.3
16.7
19.2
23.3
27.8
27.0
10-49
15.2
14.9
17.4
16.5
12.9
15.7
19.0
20.7
22.9
25.8
50-249
17.0
19.3
15.1
17.9
21.0
21.2
24.8
21.5
25.4
17.7
24.4
24.0
26.5
29.4
30.5
36.3
34.8
44.2
35.8
30.8
34.4
37.2
36.7
39.5
5000+
48.8
44.3
39.4
39.9
40.8
55.9
56.7
57.0
60.8
58.5
Recruiting Intensity Index
By Establishment Size and Time Period
Jan.-Nov. 2016
0.98
1.10
1.06
0.96
0.95
0.94
0.90
0.9
1.05
1.07
0.89
0.99
1.0
1.09
1.08
0.81
0.91
1.01
0.84
1.00
1.04
1.14
1.2
0.97
1.11
1.35
1.12
0.78
0.79
0.83

15. References
Davis, Steven J. and Brenda Samaniego de la Parra (2017), “Application Flows,” working paper, University of Chicago 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), Hornstein, Andreas, Marianna Kudlyak and Fabian Lange, 2014, “Measuring Resource Utilization in the Labor Market,” Economic Quarterly, Federal Reserve Bank of Richmond, 1Q 2014.