Blch63Additional labor statistics•Broken down by– Age group– Skills - education levels– Race and sex•Is there a dual labor market based on levelof education?
Blch64Stock versus flow statistics•The flows offer a better illustration of the actualsituation in the labor market•The same unemployment rate could correspond to––i.e. a very versus a labor market•The flow data are collected in the CurrentPopulation Survey (average monthly data 94-99)
Blch67Further statistics based on flows•Monthly flows in and out of UINTO from N from NL Total Pool in UU1.5 1.1 2.67OUT to Nto NL TotalOF U1.8 1.3 3.1•Probability of unemployed leaving U each month:•Probability of unemployed finding a job each month:•Average duration of unemployment:
8Problem #2Using the information of the chaptera.Calculate the size of the flows in and out of N(employment) as a percentage of N (per month)b.Calculate the size of the flows from U to N as apercentage of U (per month)
9c.What is the size of the total flows out of U as apercentage of U (per month)?d.What is the size of the total flows in and out of Las a percentage of L (per month)?
10e.What percentage of the flows is due tonew workers entering the labor force?
11.•How does a firm contract when Y (demand) drops?