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New Labor Market Indicators Issue I

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Abstract

In this first report of the SCEPA Labor Market Indicators (LMI) project, we introduce two new indicators designed to capture both quantity and quality dimensions of labor market performance: the SCEPA Underemployment Rate measures the share of the labor force that is unemployed, paid very low wages, or works involuntarily part-time; the SCEPA Adequate Employment Rate measures the share of the working age population employed at jobs paying above the low-wage threshold and not working involuntarily part-time.

Suggested Citation

  • David Howell & Jeff Madrick & Melissa Mahoney, 2005. "New Labor Market Indicators Issue I," SCEPA policy note series. 2005-01, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    • Handle: RePEc:epa:cepapn:2005_01
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    File URL: https://www.economicpolicyresearch.org/images/docs/research/employment/NewLaborMarketIndicators_UpdatedReport.pdf
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    More about this item

    Keywords

    Labor; Indicator; LMI;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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