High-frequency labor market measures for workers at small businesses
Published Web Location
https://www.capolicylab.org/high-frequency-labor-market-measures-for-workers-at-small-businesses/Abstract
As evidenced by both the Pandemic Recession and Great Recession, labor markets can change rapidly. More granular data on the time-path of these changes, and the role played by firm closures, layoffs, hours changes, and worker turnover can help us better understand how the labor market is evolving. On this site, we will post weekly updates of labor market information from Homebase’s timecard data to shed light on the details of a rapid evolving labor market. We aim to measure the short- and medium-term evolution of the size of the small business sector and of the health of employers in this sector, by tracking whether firms in Homebase’s userbase are expanding or contracting the number of hours that they use each week and the rate of turnover among their workers.
This work has been supported, in part, by the University of California Multicampus Research Programs and Initiatives grants MRP-19-600774 and M21PR3278.