The Industry-Occupation Mix of U.S. Job Openings and Hires

57 Pages Posted: 26 Oct 2016

Date Written: October 24, 2016

Abstract

We introduce a method that combines data from the U.S. Current Population Survey, Job Openings and Labor Turnover Survey, and state-level Job Vacancy Surveys to construct annual estimates of the number of job openings and hires in the U.S. in the spring of each year by industry and occupation combination. We then use our estimates to examine the source behind the observed decline in aggregate match efficiency during and after the Great Recession. Our results indicate that the rightward shift of the Beveridge curve can be attributed to a change in the distribution of vacancies, specifically on the occupational side, driven primarily by a compositional shift of labor demand from occupations with high vacancy yields, like construction, to occupations with low vacancy yields, like healthcare.

Keywords: job openings, labor market mobility, measurement, occupations

JEL Classification: J23, J60, J63

Suggested Citation

Hobijn, Bart and Perkowski, Patryk, The Industry-Occupation Mix of U.S. Job Openings and Hires (October 24, 2016). Available at SSRN: https://ssrn.com/abstract=2858603 or http://dx.doi.org/10.2139/ssrn.2858603

Bart Hobijn (Contact Author)

ASU ( email )

501 E. Orange Street
Tempe, AZ 85287-9801
United States
(480)-965-0215 (Phone)

HOME PAGE: http://www.barthobijn.net

Patryk Perkowski

Innovations for Poverty Action ( email )

1731 Connecticut Ave, 4th floor
New Haven, CT 20009
United States

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