Federal Reserve Bank of Chicago
Measuring labor market turbulence
Increased economic turbulence leads to increases in the full employment level of unemployment. This article proposes a measure of economic turbulence using data on employment shares across broad industry categories. The effect of the business cycle on employment shares has been removed to allow for a measure of turbulence that reflects only idiosyncratic shocks to the various sectors.
Cite this item
Ellen R. Rissman, "Measuring labor market turbulence"
, Federal Reserve Bank of Chicago, Economic Perspectives, issue May, pages 2-14, 1997.
Keywords: Labor market ; Unemployment
This item with handle RePEc:fip:fedhep:y:1997:i:may:p:2-14:n:v.21no.3
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