DHI-DFH Mean Vacancy Duration Measure by Industry: Manufacturing (DISCONTINUED) | FRED

NOTES

DHI-DFH Mean Vacancy Duration Measure by Industry: Manufacturing (DISCONTINUED) (DHIDFHDMIM)

Source: DHI Group, Inc.

Units: Working Days, Not Seasonally Adjusted

Frequency: Monthly

Monthly updates of the DHI Hiring Indicators have been discontinue by the source.

The DHI-DFH Vacancy Duration Measure quantifies the average number of working days taken to fill vacant job positions. It supplements other measures often used to assess the tightness of labor market conditions such as the ratio of vacant jobs to unemployed workers. The construction of the measure follows the method developed by Steven J. Davis, R. Jason Faberman and John Haltiwanger (DFH) in The Establishment-Level Behavior of Vacancies and Hiring, published in the May 2013 issue of the Quarterly Journal of Economics.

Working days are defined as Mondays through Saturdays, excluding major national holidays.

Reproduced with permisson of DHI Group, Inc. and Dr. Steven J. Davis. Copyright, 2017 DHI Group, Inc. All rights reserved.

Suggested Citation:

DHI Group, Inc., DHI-DFH Mean Vacancy Duration Measure by Industry: Manufacturing (DISCONTINUED) [DHIDFHDMIM], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DHIDFHDMIM, .

DHI-DFH Index of Recruiting Intensity per Vacancy by Industry: Manufacturing (DISCONTINUED) (DHIDFHRVIM)

Source: DHI Group, Inc.

Release: DHI Hiring Indicators

Units: Index, Not Seasonally Adjusted

Frequency: Monthly

Monthly updates of the DHI Hiring Indicators have been discontinue by the source.

The index is normalized to an average value of 1.0 for the period from January 2001 to December 2012. The BLS Job Openings Rate captures the availability of job vacancies in the economy, while the DHI-DFH Recruiting Intensity Index captures the intensity of employer efforts to fill those vacancies.

The DHI-DFH Recruiting Intensity Index quantifies the effective intensity of recruiting efforts per vacancy by employers with vacant job positions. The index complements the monthly Job Openings Rate produced by the U.S. Bureau of Labor Statistics (BLS) from the Job Openings and Labor Turnover Survey. The index construction follows the method developed by Steven J. Davis, R. Jason Faberman and John Haltiwanger (DFH) in "The Establishment-Level Behavior of Vacancies and Hiring," published in the May 2013 issue of the Quarterly Journal of Economics, and extended to industry and regional indices in "Recruiting Intensity during and after the Great Recession: National and Industry Evidence," published in the May 2012 issue of the American Economic Review.

Reproduced with permisson of DHI Group, Inc. and Dr. Steven J. Davis. Copyright, 2017 DHI Group, Inc. All rights reserved.

Suggested Citation:

DHI Group, Inc., DHI-DFH Index of Recruiting Intensity per Vacancy by Industry: Manufacturing (DISCONTINUED) [DHIDFHRVIM], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DHIDFHRVIM, .