Publication Date

2-15-2012

Abstract

We focus attention on gross flows in the labor market and their role in economic reallocation. Economists distinguish between movements of individuals (gross worker flows) and those associated with businesses (gross job flows). The gross worker flows are accessions (hiring and recalls) and separations (quits, layoffs, retirements, and firings). The gross job flows are creations (increases in the employment of a given business establishment) and destructions (decreases in employment of a given business establishments). In our testimony, we discuss the different flows and the regional variation therein over the last recession.

Comments

Suggested Citation

Where the jobs are: Employment trends and analysis: Hearing before the House Committee on Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade, 112th Cong. (2012)(testimony of John M. Abowd & Lars Vilhuber)

Figures referenced in the text are available as separate movies, see Additional Files section, or the Youtube playlist embedded below. The testimony is described on the House Committee site.

Streaming Media

figure01-delta_b.avi (2084 kB)
Figure 1: Animated Map of the Local Job Net Growth Rate

figure02-delta_f.avi (2113 kB)
Figure 2 Animated Map of the Local Stable Job Growth Rate

figure03-z_w3.avi (2175 kB)
Figure 3 Animated Map of the Growth Rate of Monthly Earnings of Stable Job Holders

figure04-far.avi (2154 kB)
Figure 4 Animated Map of the Local Stable Job Accession Rate

figure05-fjcr.avi (2150 kB)
Figure 5 Animated Map of the Local Stable Job Creation Rate

figure06-fsr.avi (2057 kB)
Figure 6 Animated Map of the Local Stable Job Separation Rate

figure07-fjdr.avi (2058 kB)
Figure 7 Animated Map of the Local Stable Job Destruction Rate

figure08-fwrr.avi (2014 kB)
Figure 8 Animated Map of the Local Worker Reallocation Rate (Stable Jobs)

figure09-fjrr.avi (2052 kB)
Figure 9 Animated Map of the Local Job Reallocation Rate (Stable Jobs)

figure10-ferr.avi (2061 kB)
Figure 10 Animated Map of the Local Excess Reallocation Rate—Churning (Stable Jobs)

figureA1-manufacturing.avi (2133 kB)
Appendix Figure 1 Animated Map of the Local Stable Job Net Growth Rate for Manufacturing

figureA2-finance.avi (2466 kB)
Appendix Figure 2 Animated Map of the Local Stable Job Growth Rate for Finance and Insurance

figureA3-trade.avi (2266 kB)
Appendix Figure 3 Animated Map of the Local Stable Job Growth Rate for Wholesale and Retail Trade

figureA4-construction.avi (2090 kB)
Appendix Figure 4 Animated Map of the Local Stable Job Growth Rate for Construction