Mean Vacancy Duration Fell to 27.9 Working Days in December Dr. Steven J. Davis University of Chicago Booth School of Business February 6th , 2018 http://DHIhiringindicators.com/

Selected Statistical Products, DHI Hiring Indicators Report Slides 2-13 below show charts and tables produced using data from the Job Openings and Labor Turnover Survey, and following the analytical framework and measurement methods in Davis, Faberman and Haltiwanger (2012, 2013). Steven J. Davis faculty.chicagobooth.edu/steven.davis/ February 2018

Decennial Census Hiring

Notes: Short Term Unemployment is the number of persons unemployed 26 weeks or less. The Quit Rate is rescaled to have the same mean and variance as the Vacancy-Unemployment Ratio from January 2001 to date. Non-Employment + PTER, an index developed by Hornstein, Kudlyak and Lange, reflects all persons who are not employed (weighted by labor force attachment) plus persons working part time for economic reasons who would prefer full-time work full. Here, their index is multiplied by minus one and then rescaled to have the standard deviation as the Vacancy-Unemployment Ratio from January 2001 to date.

Three Month Moving Averages

Recruiting Intensity Index By Industry and Time Period   2001 to 2003 2004 to 2006 2008 2009 2010 to 2012 2013 2014 2015 2016 2017 Resources 0.99 1.06 1.05 0.70 1.00 0.98 1.04 0.89 1.03 1.30 Construction 1.07 0.90 1.01 0.94 0.88 0.87 0.91 Manufacturing 1.02 1.09 0.95 0.85 0.92 0.93 0.96 Wholesale and Retail Trade 1.10 0.84 Warehouse, Trans. & Utilities 1.13 1.11 1.12 1.08 Information 0.83 1.16 Financial Services Professional and Business Services Education Health Services 0.97 Leisure and Hospitality Other Services Government Non-Farm 0.86

Mean Vacancy Duration (Number of Working Days) By Industry and Time Period   2001 to 2003 2004 to 2006 2008 2009 2010 to 2012 2013 2014 2015 2016 2017 Resources 12.0 14.0 18.1 13.5 18.7 17.5 22.5 13.0 17.4 Construction 7.9 8.8 7.3 4.3 6.1 9.5 10.9 11.4 14.9 13.4 Manufacturing 20.9 21.6 13.8 23.4 28.4 29.2 30.4 32.1 30.9 Wholesale and Retail Trade 14.2 15.8 15.5 13.1 15.9 19.8 18.6 21.0 24.1 25.8 Warehouse, Trans. & Utilities 17.0 20.6 11.3 18.2 23.9 29.1 27.3 Information 36.0 34.5 40.9 36.4 36.8 35.6 31.8 Financial Services 28.0 27.6 25.7 33.4 36.2 37.1 43.2 44.7 46.2 Professional and Business Services 18.3 19.9 21.3 16.6 18.8 19.6 22.0 27.0 26.3 24.7 Education 25.0 18.5 21.1 23.7 26.6 29.9 28.8 28.9 Health Services 39.1 35.8 29.8 33.5 34.6 38.4 44.6 47.7 48.3 Leisure and Hospitality 13.7 14.8 10.4 13.3 19.3 19.7 Other Services 25.2 16.9 18.9 20.1 22.3 30.2 32.3 Government 33.2 30.7 35.7 32.2 33.0 35.9 37.7 37.8 39.7 Non-Farm 20.0 26.9 28.5

Focus on Professional & Business Services Mean Vacancy Duration (Number of Working days) By Industry and Time Period   2001 to 2003 2004 to 2006 2008 2009 2010 to 2012 2013 2014 2015 2016 2017 Professional and Business Services 18.3 19.9 21.3 16.6 18.8 19.6 22.0 27.0 26.3 24.7 Private 19.3 20.1 15.5 19.0 21.6 23.2 26.1 27.3 27.7 Non-Farm 20.0 21.1 22.5 24.1 26.9 28.0 28.5 Recruiting Intensity Index 1.08 1.07 0.90 0.83 0.94 0.96 1.00 1.01 1.03 1.05 0.95 0.86 0.92 0.99 1.02

Mean Vacancy Duration by Establishment Size Selected Time Periods Class Size 2001 to 2003 2004 to 2005 2006 2008 2009 2010 to 2012 2013 2014 2015 Jan.-Nov. 2017 1-9 19.4 18.2 17.2 19.9 13.3 16.8 19.2 23.2 27.6 27.9 10-49 15.2 14.9 17.4 16.5 12.9 15.7 19.0 20.7 23.1 25.4 50-249 17.0 19.3 15.1 17.9 21.0 21.1 25.9 250-999 21.5 24.8 17.7 24.4 24.0 26.6 29.6 31.1 1000-4999 36.3 34.8 44.2 35.8 30.8 34.5 37.2 36.7 39.8 5000+ 48.8 44.3 39.4 39.9 40.8 55.8 56.6 57.4 58.4 59.0 Recruiting Intensity Index By Establishment Size and Time Period 0.98 1.10 1.06 0.96 0.95 0.93 0.90 0.97 1.0 1.05 1.07 0.89 0.94 0.99 1.09 1.08 0.81 0.92 1.02 1.01 0.91 0.84 1.00 1.1 1.04 1.13 1.3 1.11 1.35 1.12 0.78 0.79 0.83