Help-wanted advertising and job vacancies

Robert Valletta

FRBSF Economic Letter, 2005, issue jan21

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.

Keywords: Employment; (Economic; theory) (search for similar items in EconPapers)
Date: 2005
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