Unemployment, Vacancies, and Local Labor Markets
Description:... This monograph studies unemployment in relation to labor market vacancies throughout the United States, using a new set of data: the Survey of Firms from the Employment Opportunity Pilot Project, a labor market experiment conducted by the Department of Labor at 28 sites in 1979 and 1980. The monograph is organized in five chapters. The first chapter introduces the problem and explains the basis for the data analysis. Chapter 2 considers the characteristics of vacancies at the level of the firm. Chapter 3 turns to the relationship between unemployment rates and vacancy rates across local labor markets. Chapter 4 presents data on employment and sales growth for each of the 28 sites. The effects of recent demand shocks on local unemployment rates are then considered, as well as the role of persistent unemployment differences and migration. Chapter 5 contains a summary and conclusions, with implications for policy and further research. The document also includes a 48-item bibliography, an index, 27 tables, and 1 figure. (KC)
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