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Job Vacancies and Firms’ Labor Market Perceptions

Author

Listed:
  • Marianna Kudlyak
  • Brandon E. Miskanic

Abstract

During the post-pandemic period, the vacancy-unemployment ratio was at historically high levels, but the strength of overall labor demand was unclear. Analysis using data from the National Federation of Independent Business on firms’ perceptions of the labor market confirms that during that time firms perceived the labor market as being unusually tight relative to historical norms. As of June-August 2024, however, both firms’ perceptions and measures of labor market tightness had returned to their 2019 levels.

Suggested Citation

  • Marianna Kudlyak & Brandon E. Miskanic, 2024. "Job Vacancies and Firms’ Labor Market Perceptions," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2024(26), pages 1-5, October.
    • Handle: RePEc:fip:fedfel:98929
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