Testimony of John M. Abowd Before the House Committee on Energy and Commerce, Subcommitte on Commerce, Manufacturing and Trade, United States House of Representatives
Figure 3 Animated Map of the Growth Rate of Monthly Earnings of Stable Job Holders [AVI video] (2.124Mb)
Figure 10 Animated Map of the Local Excess Reallocation Rate—Churning (Stable Jobs) [AVI video] (2.013Mb)
Appendix Figure 1 Animated Map of the Local Stable Job Net Growth Rate for Manufacturing [AVI video] (2.083Mb)
Appendix Figure 2 Animated Map of the Local Stable Job Growth Rate for Finance and Insurance [AVI video] (2.408Mb)
Appendix Figure 3 Animated Map of the Local Stable Job Growth Rate for Wholesale and Retail Trade [AVI video] (2.213Mb)
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Abowd, John M.; Vilhuber, Lars
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.
House committee; Local Employment Dynamics; Quarterly Workforce Indicators; recession; gross job flows; labor reallocation
All figures available as individual downloads or on youtube. The government document for this testimony can be found at govinfo.gov.