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Article: New information on labor market churning.(Labor Month In Review)(Brief article)
- Article from:
- Monthly Labor Review
- Article date:
- November 1, 2007
CopyrightCOPYRIGHT 2007 U.S. Bureau of Labor Statistics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Each month, through data gathered in the Current Population Survey (CPS), BLS develops and reports estimates of the number of people inside and outside of the labor force--that is, those persons who are employed, actively seeking and available for work (the unemployed) or not currently seeking work, such as full-time students or retirees. The net changes of people in these labor force statuses are important indicators of the state of the U.S. labor market and economy.
In a labor market with the size and complexity of that in the United States, these net changes are the result of decisions made each month by literally millions of individuals in response to ...