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Journal Article
How do businesses recruit?
Faberman, R. Jason (2011-10)
Most economic theories of hiring and job seeking assume that businesses post vacancies when they demand more labor. Workers then apply for the job, and the most qualified candidate is hired. However, as those who have ever recruited or applied for a job know, the recruiting process is considerably more complex. In this article, Jason Faberman discusses some recent research on how employers recruit. It shows that the extent to which a business uses various recruiting channels depends on the characteristics of the employer, how fast the employer is growing (or contracting), and the overall ...
Business Review , Issue Q4 , Pages 9-17

Journal Article
Shocked, only not: false positive cases of employment decline
Mayberry, Dan (2005-11)
Fedgazette , Volume 17 , Issue Nov , Pages 8

Working Paper
Worker flows and job flows: a quantitative investigation
Fujita, Shigeru; Nakajima, Makoto (2013)
This paper studies the quantitative properties of a multiple-worker firm matching model with on-the-job search where heterogeneous firms operate decreasing-returns-to-scale production technology. We focus on the model's ability to replicate the business cycle features of job flows, worker flows between employment and unemployment, and job-to-job transitions. The calibrated model successfully replicates (i) countercyclical worker flows between employment and unemployment, (ii) procyclical job-to-job transitions, and (iii) opposite movements of job creation and destruction rates over the ...
Working Papers , Paper 13-09

Journal Article
New from the Richmond Fed’s Regional Matters blog
Mullen, Katrina (2024-08-13)
Econ Focus , Volume 24 , Issue 3Q , Pages 2

Working Paper
Flexible prices, labor market frictions, and the response of employment to technology shocks
Zanetti, Francesco; Mandelman, Federico S. (2013-12-01)
Recent empirical evidence establishes that a positive technology shock leads to a decline in labor inputs. Can a flexible price model enriched with labor market frictions replicate this stylized fact? We develop and estimate a standard flexible price model using Bayesian methods that allows, but does not require, labor market frictions to generate a negative response of employment to a technology shock. We find that labor market frictions account for the fall in labor inputs.
FRB Atlanta Working Paper , Paper 2013-16

Journal Article
Employment trends vary in three of Missouri's metro areas
Wheeler, Christopher H.; La Jeunesse, Elizabeth A. (2005-04)
The Regional Economist , Issue Apr , Pages 16

Journal Article
Job shocks: resuscitation or suffocation?
Wirtz, Ronald A. (2005-11)
How local economies react after suffering a major decline in employment
Fedgazette , Volume 17 , Issue Nov , Pages 1

Discussion Paper
“Forced Automation” by COVID-19? Early Trends from Current Population Survey Data
Molina, Julieth Saenz; Ding, Lei (2020-09-14)
This empirical study evaluates whether COVID-19 and the threat of future pandemics has expedited the process of automation in the U.S. The results suggest that the pandemic displaced more workers in automatable occupations, putting them at a greater risk of being permanently automated. The automatable jobs that are more vulnerable to the pandemic include jobs that do not permit remote work, have a high risk of COVID-19 transmission, or are in the most affected sectors. While most of the job losses during the pandemic are expected to be temporary, a replication of the analysis for the Great ...
Community Affairs Discussion Paper

Discussion Paper
Fifth District Businesses Weigh in on Hiring and Wages
Mengedoth, Joseph (2022-12-01)
The Richmond Fed surveys a sample of businesses across our district on a monthly basis in order to gauge regional economic activity. These regional surveys provide timely information to our economists, Bank president, and the public about economic conditions in our district. In addition to standard questions about changes in new orders, hiring, and inventories, we often ask additional questions.
Regional Matters

Journal Article
How positive are recent employment and labor market trends?
Anderson, Richard G. (2012)
Assessing the state of the economy requires estimates of trends in employment and the labor force. Large monthly fluctuations make it difficult to infer these from monthly data.
Economic Synopses

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