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The Unemployed and Job Openings: A Data Primer

This report provides information on the ratio of unemployed persons per job opening, which may be useful to Congress in that it adds nuanced information to the current mix of labor market indicators. The ratio is unique in that it combines both supply and demand measures. Using unemployed persons from the Current Population Survey (CPS) and job openings from the JOLTS, the ratio divides the number of persons generally aged 16 and older who are not employed and actively looking for jobs by the number of job openings. The advantage to the statistic is that the ratio gauges the excess supply of labor relative to the unmet needs of employers. The ratio may add useful information to data on job openings or unemployment in that it takes into consideration how many persons are actively searching for work relative to the number of opportunities

# FILE NAME Document Date Order ID: Number of Pages PRICE
1 R42943.pdf Jan 31, 2013 R42943 21 $19.95 ADD TO CART

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