Worker Churn at Establishments over the Business Cycle
Posted: 16 Sep 2020
Date Written: August 24, 2020
This note decomposes worker churn (which occurs when business establishments have simultaneous hiring and separations) into two components using monthly Job Opening and Labor Turnover Survey responses from the U.S. Bureau of Labor Statistics. On average, nearly a third of worker churn was "employer-initiated" through layoffs and two thirds was "quit initiated" over the 2001 to 2016 period.
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