The US labor market tightened in December and remains tighter than full employment.
Could the FERU be calculated for each state? Or is the data only on the national level?
The unemployment rate and vacancy rate can be calculated at the state level, so the FERU could also be calculated for each state. For instance, the latest state job vacancies are presented here: https://www.bls.gov/news.release/jltst.nr0.htm. The latest state unemployment rates are presented here: https://www.bls.gov/news.release/laus.nr0.htm.
Paschal,
I am a novice things economics and economic research, but reading your Labor-Market updates has been eye-opening. I look forward to your January 2025 update and all incoming updates.
Could the FERU be calculated for each state? Or is the data only on the national level?
The unemployment rate and vacancy rate can be calculated at the state level, so the FERU could also be calculated for each state. For instance, the latest state job vacancies are presented here: https://www.bls.gov/news.release/jltst.nr0.htm. The latest state unemployment rates are presented here: https://www.bls.gov/news.release/laus.nr0.htm.
Paschal,
I am a novice things economics and economic research, but reading your Labor-Market updates has been eye-opening. I look forward to your January 2025 update and all incoming updates.