Average Job Vacancy Duration is 25 Working Days Duration Averages 58 Days For the Largest...

Average Job Vacancy Duration is 25 Working Days Duration Averages 58 Days For the Largest Establishments in 2014

Dr. Steven J. Davis University of Chicago Booth School of Business

August 12, 2014

http://dicehiringindicators.com/

Sample Statistical Products Derived from JOLTS Data

Charts and tables produced using data from the Job Openings and Labor Turnover Survey following the analytical framework and measurement methods in Davis, Faberman and Haltiwanger (2012, 2013).

Steven J. Davisfaculty.chicagobooth.edu/steven.davis/

August 12, 2014

DecennialCensusHiring

Three-Month Moving Averages

Three-Month Moving Averages

Mean Vacancy Duration (Number of Working Days)By Industry and Time Period

 2001 to

20032004 to

2005 2006 2008 2009 2010 to 2012 2013 Jan. 2014-

June 2014Resources 12.0 12.1 17.8 17.9 13.7 18.9 18.9 20.1Construction 7.8 7.9 10.1 7.3 4.5 6.2 9.8 11.0Manufacturing 17.4 19.4 24.2 21.5 13.6 23.5 28.3 29.2Wholesale and Retail Trade 14.2 15.4 16.5 15.3 13.2 15.9 19.9 18.4Warehouse, Trans. & Utilities 18.5 15.4 21.1 20.8 10.5 18.1 22.4 22.2Information 25.9 31.7 45.2 34.5 24.8 41.1 36.4 38.9Financial Services 28.0 31.0 34.7 27.6 25.7 33.8 35.6 37.0Professional and Business Services 18.2 20.0 19.9 21.4 16.4 18.8 19.5 20.7Education 21.2 24.1 26.4 22.5 18.3 20.8 23.4 24.2Health Services 39.1 34.6 38.3 36.3 29.8 33.6 34.9 36.4Leisure and Hospitality 13.8 14.2 16.2 14.9 10.6 13.4 16.7 20.1Other Services 22.3 17.5 20.3 23.8 17.1 18.6 20.1 19.2Government 32.9 29.7 32.6 35.9 32.2 33.1 35.5 36.7Non-Farm 19.2 19.2 21.7 21.0 16.7 20.0 22.5 23.5

Recruiting Intensity IndexBy Industry and Time Period

 2001 to

20032004 to

2005 2006 2008 2009 2010 to 2012 2013 Jan. 2014-

June 2014Resources 0.99 1.08 1.03 1.05 0.70 1.01 0.98 1.10Construction 1.07 1.07 0.97 0.89 0.89 1.01 0.93 0.83Manufacturing 1.02 1.08 1.09 0.94 0.85 0.93 0.88 0.88Wholesale and Retail Trade 1.05 1.10 1.10 0.96 0.84 0.89 0.94 1.02Warehouse, Trans. & Utilities 0.96 1.13 1.11 0.93 0.93 0.96 1.01 1.10Information 1.10 1.05 1.13 0.87 0.82 0.92 1.04 1.05Financial Services 1.05 1.07 1.13 0.99 0.84 0.86 0.98 0.91Professional and Business Services 1.08 1.08 1.05 0.90 0.82 0.94 0.96 1.00Education 1.00 0.97 1.03 1.05 0.97 0.98 0.94 0.97Health Services 1.08 1.03 1.04 1.01 0.93 0.89 0.93 0.93Leisure and Hospitality 1.08 1.08 1.09 0.97 0.84 0.88 0.92 0.93Other Services 1.01 1.10 1.01 0.95 0.96 0.95 0.97 0.95Government 1.06 1.02 1.09 0.92 0.86 0.93 0.94 0.95Non-Farm 1.05 1.08 1.08 0.95 0.86 0.92 0.95 0.97

Focus on Professional & Business Services Mean Vacancy Duration (Number of Working days)

By Industry and Time Period

 2001 to

20032004 to

2005 2006 2008 2009 2010 to 2012 2013 Jan. 2014-

June 2014Professional and Business Services 18.2 20.0 19.9 21.4 16.4 18.8 19.5 20.7Private 18.3 18.6 21.0 20.0 15.5 19.0 21.6 22.6Non-Farm 19.2 19.2 21.7 21.0 16.7 20.0 22.5 23.5

Recruiting Intensity IndexBy Industry and Time Period

 2001 to

20032004 to

2005 2006 2008 2009 2010 to 2012 2013 Jan. 2014-

June 2014Professional and Business Services 1.08 1.08 1.05 0.90 0.82 0.94 0.96 1.00Private 1.05 1.08 1.07 0.95 0.86 0.92 0.95 0.97Non-Farm 1.05 1.08 1.08 0.95 0.86 0.92 0.95 0.97

Mean Vacancy Duration by Establishment SizeSelected Time Periods

Class Size 2001 to 2003

2004 to 2005 2006 2008 2009 2010 to

2012 2013 Jan. 2014-May. 2014

% chg. 2009 - May 2014

1-9 19.3 18.3 17.3 19.8 12.8 16.5 18.9 23.6 85%10-49 15.2 14.9 17.5 16.2 13.0 15.7 19.2 20.4 57%50-249 15.7 16.9 19.4 18.3 15.3 17.9 21.0 19.9 31%250-999 21.0 21.9 25.7 24.9 18.0 24.5 24.2 25.3 41%1000-4999 36.2 35.0 44.2 35.6 30.7 34.3 37.7 36.5 19%5000+ 47.4 43.7 37.1 39.6 40.6 55.1 56.4 58.1 43%

Recruiting Intensity IndexBy Establishment Size and Time Period

Class Size 2001 to 2003

2004 to 2005 2006 2008 2009 2010 to

2012 2013 Jan. 2014-May. 2014

% chg. 2009 - May 2014

1-9 0.99 1.10 1.06 0.98 0.95 0.95 0.94 0.86 -9%10-49 1.05 1.10 1.07 0.95 0.89 0.91 0.94 0.92 3%50-249 1.09 1.07 1.09 0.93 0.81 0.90 0.92 1.00 23%250-999 1.06 1.07 1.07 0.91 0.83 0.94 1.00 1.03 24%1000-4999 1.06 1.06 0.99 1.04 0.84 0.94 0.96 1.05 26%5000+ 0.97 1.11 1.38 1.13 0.76 0.78 0.83 0.90 19%

ReferencesDavis, Steven J., R. Jason Faberman and John Haltiwanger (2012), 

“Recruiting Intensity during and after the Great Recession: National and Industry Evidence,” American Economic Review, Papers & Proceedings, 102, no. 3 (May), 584-588.

Davis, Steven J., R. Jason Faberman and John Haltiwanger (2013), “The Establishment-Level Behavior of Vacancies and Hiring,” Quarterly Journal of Economics, 128, no. 2 (May), 581-622.

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