Building Sectoral Job Search Indices for the United States

10 Pages Posted: 3 Apr 2019 Last revised: 22 Apr 2019

See all articles by Wei-Fong Pan

Wei-Fong Pan

Department of Economics, University of Reading

Date Written: February 13, 2019

Abstract

This study investigates job search activity in the United States by constructing a set of sectoral job search activity indices based on Internet search volumes. The indices are positively associated with countercyclical labour market measures, including unemployment and layoff rates, but are negatively associated with procyclical measures. Overall, our evidence supports previous empirical findings—job search intensity is countercyclical—which contradicts the theoretical model’s prediction.

Keywords: job search activity index, countercyclical measures, business cycle, Google Trends

JEL Classification: E24, E32, J64

Suggested Citation

Pan, Wei-Fong, Building Sectoral Job Search Indices for the United States (February 13, 2019). Economics Letters, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3351917 or http://dx.doi.org/10.2139/ssrn.3351917

Wei-Fong Pan (Contact Author)

Department of Economics, University of Reading ( email )

Whiteknights
Reading, Berkshire RG6 6AH
United Kingdom

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