Ohio University alum Rick Clayton, Chief of the Division of Administrative Statistics and Labor Turnover with the U.S. Bureau of Labor Statistics, will speak on Friday, Nov. 1, at noon in Baker 366. The event is hosted by the Department of Economics in the Ohio University College of Arts & Sciences.
JOLTS stands for Job Openings and Labor Turnover Survey. It is a monthly survey providing the number and rates for job openings, hires, and three types of separations: quits (voluntary), layoffs and discharges (involuntary) and other separations. It is increasingly used to look underneath the monthly payroll jobs numbers to look at the dynamics of reasons for the changes and what that tells us about how and why the employment changed.
QCEW: Quarterly Census of Employment and Wages. The bureau gets 9.2 million records each quarter as a by-product of the state UI systems – every business in the United States with an employee (but not self-employed). It is the sample universe for BLS surveys, it is the benchmark for the monthly payroll survey, and it provides employment and wages by county by industry data over one year ahead of County Business Patterns. And it is quarterly rather than annual. It is used for local economic development, location quotients, local transportation planning and many other local purposes. The wages data makes up about half of BEA’s personal income data, and is used on the GDP side as well. The bureau has geocoded businesses locations and merged it with other sources to measure hurricane damage.
BED: Business Employment Dynamics. They re-use the QCEW data to re-group businesses in growth (job creation), in decline (job destruction) births, deaths, openings and closing by industry state, movements by size class, high growth businesses. They also calculate business survival data…one of the most requested data sets.
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