{"title":"The NAICS 2022 update and its effect on BLS employment estimates in the retail trade sector","authors":"Shane Haley, Keller Kennedy","doi":"10.21916/mlr.2023.19","DOIUrl":"https://doi.org/10.21916/mlr.2023.19","url":null,"abstract":"","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44503856","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A review of recent improvements to the CPI’s housing age-bias adjustment","authors":"Ben Houck","doi":"10.21916/mlr.2023.18","DOIUrl":"https://doi.org/10.21916/mlr.2023.18","url":null,"abstract":"","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42085255","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article focuses on workers’ compensation (WC), one of 18 employer-provided benefits for which information is collected by the U.S. Bureau of Labor Statistics (BLS) under the National Compensation Survey (NCS) program. The response rate for this legally required benefit is quite low both in absolute terms and relative to that for the other NCS benefits. The NCS is hindered in its ability to raise the response rate for workers’ compensation, given that such an effort could potentially lead to lower response rates for other benefits, which make up a larger share of total compensation. Other proposals to improve the quality of the collected data or to find alternative sources of data have limitations as well. As a result, BLS has decided that the best path forward is to work with the Office of Management and Budget to remove WC data from the NCS. This article explores the impact that a cessation of collection of workers’ compensation would have on NCS products.
{"title":"Removing workers’ compensation costs from the National Compensation Survey","authors":"M. Gittleman, Michael Lettau, Gregory Phipps","doi":"10.21916/mlr.2023.17","DOIUrl":"https://doi.org/10.21916/mlr.2023.17","url":null,"abstract":"This article focuses on workers’ compensation (WC), one of 18 employer-provided benefits for which information is collected by the U.S. Bureau of Labor Statistics (BLS) under the National Compensation Survey (NCS) program. The response rate for this legally required benefit is quite low both in absolute terms and relative to that for the other NCS benefits. The NCS is hindered in its ability to raise the response rate for workers’ compensation, given that such an effort could potentially lead to lower response rates for other benefits, which make up a larger share of total compensation. Other proposals to improve the quality of the collected data or to find alternative sources of data have limitations as well. As a result, BLS has decided that the best path forward is to work with the Office of Management and Budget to remove WC data from the NCS. This article explores the impact that a cessation of collection of workers’ compensation would have on NCS products.","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48745995","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Unemployment rate returned to its prepandemic level in 2022","authors":"Lawrence Essien, M. Levinstein, Greg Owens","doi":"10.21916/mlr.2023.15","DOIUrl":"https://doi.org/10.21916/mlr.2023.15","url":null,"abstract":"","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49445600","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Bradley Akin, John Bieler, Craig Brown, Kerri Chicarella
Residential telecommunications services consist of a combination of telephone, internet, and television services. In February 2019, the U.S. Bureau of Labor Statistics (BLS) began to adjust the price quotes of residential telecommunications services to improve the accuracy of Consumer Price Index series. However, BLS analysts experienced a few challenges. This article identifies and addresses those challenges.
{"title":"Improvements to the CPI index series for residential telecommunications services","authors":"Bradley Akin, John Bieler, Craig Brown, Kerri Chicarella","doi":"10.21916/mlr.2023.13","DOIUrl":"https://doi.org/10.21916/mlr.2023.13","url":null,"abstract":"Residential telecommunications services consist of a combination of telephone, internet, and television services. In February 2019, the U.S. Bureau of Labor Statistics (BLS) began to adjust the price quotes of residential telecommunications services to improve the accuracy of Consumer Price Index series. However, BLS analysts experienced a few challenges. This article identifies and addresses those challenges.","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136084217","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Total nonfarm employment recovers in 2022, with some major industry sectors lagging behind","authors":"R. Ansell","doi":"10.21916/mlr.2023.12","DOIUrl":"https://doi.org/10.21916/mlr.2023.12","url":null,"abstract":"","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46704268","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Population statistical programs such as the American Community Survey and Current Population Survey provide statistics on internal migration and geographic mobility within the United States. Although these statistics are a useful proxy for internal shifts in economic activity, they leave unanswered questions on business migrations: What types of businesses move? Where are they going? And where did they come from? This article is an initial attempt to fill these data gaps by using data from the Bureau of Labor Statistics longitudinal Quarterly Census of Employment and Wages program. We measure the magnitude of business migration across regions and highlight the characteristics of those businesses. We will show how business migration has trended over time, in what specific industries and regions migrant businesses are concentrated, and how their employment and wages compare with the rest of the economy.
{"title":"Firm migrations in the United States: magnitude and trends","authors":"Akbar Sadeghi, Kevin Cooksey, Anthony Colavito","doi":"10.21916/mlr.2023.11","DOIUrl":"https://doi.org/10.21916/mlr.2023.11","url":null,"abstract":"Population statistical programs such as the American Community Survey and Current Population Survey provide statistics on internal migration and geographic mobility within the United States. Although these statistics are a useful proxy for internal shifts in economic activity, they leave unanswered questions on business migrations: What types of businesses move? Where are they going? And where did they come from? This article is an initial attempt to fill these data gaps by using data from the Bureau of Labor Statistics longitudinal Quarterly Census of Employment and Wages program. We measure the magnitude of business migration across regions and highlight the characteristics of those businesses. We will show how business migration has trended over time, in what specific industries and regions migrant businesses are concentrated, and how their employment and wages compare with the rest of the economy.","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45733236","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article discusses national trends for job openings, hires, and separations throughout 2022. Separations are further broken down into quits, layoffs and discharges, and other separations. Levels of labor market activity as measured by churn (hires rates plus separations rates) and job openings rates are examined by industry. Establishment size class data are then presented at the total private level, and the article concludes with a brief look at state data, specifically state job openings compared with unemployment.
{"title":"Job openings reach record highs in 2022 as the labor market recovery continues","authors":"Rick Penn, Victor Huang","doi":"10.21916/mlr.2023.10","DOIUrl":"https://doi.org/10.21916/mlr.2023.10","url":null,"abstract":"This article discusses national trends for job openings, hires, and separations throughout 2022. Separations are further broken down into quits, layoffs and discharges, and other separations. Levels of labor market activity as measured by churn (hires rates plus separations rates) and job openings rates are examined by industry. Establishment size class data are then presented at the total private level, and the article concludes with a brief look at state data, specifically state job openings compared with unemployment.","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43578775","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
For nearly 50 years, the Employment Cost Index (ECI) has been providing the public with estimates of the change in employer labor costs. We explore the practicality of constructing federal wage indexes, in the spirit of the ECI, using Office of Personnel Management (OPM) salary data. To accomplish this task, we aggregate OPM records into occupation and industry groups. Although these salary data have a crosswalk for mapping OPM occupation codes into the Standard Occupational Classification system, no corresponding crosswalk exists for industries. A key hurdle, therefore, involves creating a crosswalk that assigns industry codes to OPM establishments. We create this crosswalk by developing an algorithm that uses Quarterly Census of Employment and Wages data and machine-learning tools to match agencies with a unique industry. With this agency-North American Industry Classification System crosswalk, we calculate annual Laspeyres, Paasche, and Fisher wage indexes for several aggregations. The resulting wage inflation rates are plausible and do not deviate substantially from the corresponding private industry and state and local wage inflation rates.
{"title":"Federal government wage indexes","authors":"Travis A. Cyronek, Theodore To To","doi":"10.21916/mlr.2023.9","DOIUrl":"https://doi.org/10.21916/mlr.2023.9","url":null,"abstract":"For nearly 50 years, the Employment Cost Index (ECI) has been providing the public with estimates of the change in employer labor costs. We explore the practicality of constructing federal wage indexes, in the spirit of the ECI, using Office of Personnel Management (OPM) salary data. To accomplish this task, we aggregate OPM records into occupation and industry groups. Although these salary data have a crosswalk for mapping OPM occupation codes into the Standard Occupational Classification system, no corresponding crosswalk exists for industries. A key hurdle, therefore, involves creating a crosswalk that assigns industry codes to OPM establishments. We create this crosswalk by developing an algorithm that uses Quarterly Census of Employment and Wages data and machine-learning tools to match agencies with a unique industry. With this agency-North American Industry Classification System crosswalk, we calculate annual Laspeyres, Paasche, and Fisher wage indexes for several aggregations. The resulting wage inflation rates are plausible and do not deviate substantially from the corresponding private industry and state and local wage inflation rates.","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43661596","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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