Labor market indicators are critical for policymakers, but measurement error in labor force survey data is known to be substantial. In this paper, I quantify the implications of classification errors in the U.S. Current Population Survey (CPS), in which respondents misreport their true labor...

US payroll employment data come from a survey and are subject to revisions. While revisions are generally small at the national level, they can be large enough at the state level to alter assessments of current economic conditions. Users must therefore exercise caution in interpreting state...

In our analysis, we examine the effects of emigration from Hungary on the labour market and its other economic implications. Since 2008 the number of emigrants has been rising significantly faster than the previous trend, and thus it is important to assess the possible consequences of higher...

Die Begriffe Arbeitslosigkeit und Erwerbslosigkeit werden im deutschen Sprachraum nicht synonym verwendet. Die Arbeitslosenquote errechnet sich anhand der registrierten Arbeitslosen, die international teilweise erheblich unterschiedlich abgegrenzt sind. International vergleichbar sind nur die...

The preparations for the introduction of the euro in 1999 involved the need for a new set of statistics for the euro area. Since then, significant progress has been made with regard to the coverage, timeliness and accuracy of these statistics. The reliability of the first releases - i.e. their...

The business cycle properties of occupational employment have not yet been extensively explored because of inconsistencies in the aggregate employment series by occupation. Using consistent aggregate hours data constructed through the method of “conversion factors,” which was developed by...

Despite the importance of employer-to-employer (EE) flows to our understanding of labor market and business cycle dynamics, the literature has lacked a comprehensive and representative measure of the size and character of these flows. To construct the first reliable measures of EE flows for the...

This paper bridges the gap between two popular approaches to estimating the natural rate of unemployment, u*. The first approach uses detailed labor market indicators, such as labor market flows, cross-sectional data on unemployment and vacancies, or various measures of demographic changes. The...

We examine the equilibrium wage and employment outcomes in a labor market model comprised of informationally constrained workers and employers whose labor market interactions have a non-zero impact on wages. The model endogenizes employment interactions between workers and employers in terms of...