Measuring Swiss employment growth: a measurement-error approach

Yannic Stucki

No 2022-11, Working Papers from Swiss National Bank

Abstract: The two main employment statistics from the Swiss Federal Statistical Office often show different dynamics on a quarter-by-quarter basis. Applying optimal signal-extraction techniques, this paper constructs a new measure of Swiss employment growth that provides a unified picture of historical employment dynamics. The new measure exhibits higher persistence and stronger co-movement with unemployment than when the underlying employment series are considered separately.

Keywords: Employment; signal extraction; state-space model; dynamic-factor model; Switzerland (search for similar items in EconPapers)
JEL-codes: E24 E32 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:snb:snbwpa:2022-11

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