New Labor Market Indicators Issue I
David Howell (),
Jeff Madrick and
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Melissa Mahoney: Schwartz Center for Economic Policy Analysis (SCEPA), http://www.economicpolicyresearch.org
No 2005-01, SCEPA policy note series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School
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.
Keywords: Labor; Indicator; LMI (search for similar items in EconPapers)
JEL-codes: D63 E21 H2 H30 (search for similar items in EconPapers)
Pages: 11 pages
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Persistent link: https://EconPapers.repec.org/RePEc:epa:cepapn:2005_01
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