1. Mean Vacancy Duration Rose to 29.0 Working Days in July
Dr. Steven J. Davis
University of Chicago Booth School of Business
September 12th , 2017

2. 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/
September 2017

4. Decennial
Census
Hiring

6. 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.

7. Three-Month Moving Averages

10. Three-Month Moving Averages

11. Recruiting Intensity Index By Industry and Time Period
2001 to 2003
2004 to 2006
2008
2009
2010 to 2012
2013
2014
2015
2016
Jan.-Jul. 2017
Resources
0.99
1.06
1.05
0.70
1.00
0.98
1.04
0.89
1.03
1.28
Construction
1.07
0.90
1.01
0.94
0.88
0.87
0.92
Manufacturing
1.02
1.09
0.95
0.85
0.93
0.96
Wholesale and Retail Trade
1.10
0.84
Warehouse, Trans. & Utilities
1.13
1.11
1.12
Information
1.08
0.83
0.91
1.16
Financial Services
Professional and Business Services
Education
Health Services
0.97
Leisure and Hospitality
Other Services
Government
Non-Farm
0.86

12. 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
Jan.-Jul. 2017
Resources
12.0
14.0
18.1
13.5
18.7
17.5
22.5
13.0
17.9
Construction
7.9
8.8
7.3
4.3
6.1
9.5
10.9
11.4
14.9
12.7
Manufacturing
17.4
20.9
21.6
13.8
23.4
28.4
29.2
30.4
32.1
30.7
Wholesale and Retail Trade
14.2
15.8
15.5
13.1
15.9
19.8
18.6
21.0
24.1
24.6
Warehouse, Trans. & Utilities
17.0
20.6
11.3
18.2
23.9
29.1
27.3
24.9
Information
25.8
36.0
34.5
40.9
36.4
36.8
35.6
33.0
Financial Services
28.0
27.6
25.7
33.4
36.1
37.1
43.2
44.7
Professional and Business Services
18.3
19.9
21.3
16.6
18.8
19.6
22.0
27.0
26.3
25.2
Education
25.0
18.5
21.1
23.7
26.6
29.9
28.9
29.3
Health Services
39.1
35.8
29.8
33.5
34.6
38.4
44.6
47.7
49.0
Leisure and Hospitality
13.7
14.8
10.4
13.3
19.3
19.7
20.7
Other Services
16.9
18.9
20.1
22.2
30.1
31.2
Government
33.2
35.7
32.2
35.9
37.7
37.8
Non-Farm
20.0
26.9
28.3

13. 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
Jan.-Jul. 2017
Professional and Business Services
18.3
19.9
21.3
16.6
18.8
19.6
22.0
27.0
26.3
25.2
Private
19.3
20.1
15.5
19.0
21.6
23.2
26.1
27.3
27.5
Non-Farm
20.0
21.1
22.5
24.1
26.9
28.0
28.3
Recruiting Intensity Index
1.08
1.07
0.90
0.83
0.94
0.96
1.00
1.01
1.03
1.02
1.05
0.95
0.86
0.92
0.99

14. 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.-May. 2017
1-9
19.4
18.2
17.2
19.9
13.3
16.8
19.2
23.2
27.6
27.8
10-49
15.2
14.9
17.4
16.5
12.9
15.7
19.0
20.7
23.1
24.8
50-249
17.0
19.3
15.1
17.9
21.0
21.1
25.1
21.5
25.4
17.7
24.4
24.0
26.6
29.6
31.2
36.3
34.8
44.2
35.8
30.8
34.5
37.2
36.7
39.8
38.3
5000+
48.8
44.3
39.4
39.9
40.8
55.8
56.6
57.4
58.4
63.0
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
1.04
1.13
1.2
1.11
1.35
1.12
0.78
0.79
0.83