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Help-wanted advertising and job vacancies

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  • Robert G. Valletta

Abstract

Due to its reliance on newspaper advertising, the help-wanted index is an indirect measure of job vacancies. However, the level of job advertisements appearing in newspapers may change for reasons that are unrelated to overall labor demand. For example, equal employment opportunity laws raised the level of newspaper job advertising in the 1960s and 1970s, while internet job advertising has served as an increasingly effective substitute for newspaper advertising in recent years. In this Economic Letter, I discuss how the help-wanted index can be adjusted for such factors, yielding a more reliable measure of short-term and long-term movements in job vacancies.

Suggested Citation

  • Robert G. Valletta, 2005. "Help-wanted advertising and job vacancies," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue jan21.
    • Handle: RePEc:fip:fedfel:y:2005:i:jan21:n:2005-02
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    References listed on IDEAS

    as
    1. Hoyt Bleakley & Jeffrey C. Fuhrer, 1997. "Shifts in the Beveridge Curve, job matching, and labor market dynamics," New England Economic Review, Federal Reserve Bank of Boston, issue Sep, pages 3-19.
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    Cited by:

    1. Gabriele Cardullo & Marco Guerrazzi, 2016. "The Cyclical Volatility of Equilibrium Unemployment and Vacancies: Evidence From Italy," LABOUR, CEIS, vol. 30(4), pages 433-454, December.
    2. Annalisa Lucarelli, 2011. "Vacancies and Hirings: Preliminary Evidence from a Survey on Italian Employers," Rivista di statistica ufficiale, ISTAT - Italian National Institute of Statistics - (Rome, ITALY), vol. 13(2-3), pages 21-53.

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    Employment (Economic theory);

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