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Federal Reserve Bank of Chicago
Economic Perspectives
Measuring labor market turbulence
Ellen R. Rissman

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.

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Ellen R. Rissman, "Measuring labor market turbulence" , Federal Reserve Bank of Chicago, Economic Perspectives, issue May, pages 2-14, 1997.
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Keywords: Labor market ; Unemployment
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