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Monthly Labor Review, May 2011

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Monthly Labor Review, May 2011 May 2011 BLS U.S. Department of Labor U.S. Bureau of Labor Statistics BLS Schedule of Economic News Releases, June 2011 Date Time Release U.S. Department of Labor Hilda L. Solis, Secretary Wednesday, 10:00 AM Metropolitan Area Employment June 1, 2011 and Unemployment for April 2011 U.S. Bureau of Labor Statistics Thursday, 8:30 AM Productivity and Costs for First Keith Hall, Commissioner June 2, 2011 Quarter 2011 Friday, 8:30 AM Employment Situation for May The Monthly Labor Review is published monthly by the Bureau of Labor Statistics of the U.S. Department of Labor. The June 3, 2011 2011 Review welcomes articles on employment and unemployment, Tuesday, 10:00 AM Job Openings and Labor Turnover compensation and working conditions, the labor force, labor-management relations, productivity and technology, June 7, 2011 Survey for April 2011 occupational safety and health, demographic trends, and other Wednesday, 10:00 AM Employer Costs for Employee economic developments. June 8, 2011 Compensation for March 2011 The Review’s audience includes economists, statisticians, labor Friday, 8:30 AM U.S. Import and Export Price relations practitioners (lawyers, arbitrators, etc.), sociologists, June 10, 2011 Indexes for May 2011 and other professionals concerned with labor related issues. Because the Review presents topics in labor economics in Tuesday, 8:30 AM Producer Price Index for May 2011 less forbidding formats than some social science journals, June 14, 2011 its audience also includes laypersons who are interested in the topics, but are not professionally trained economists, Wednesday, 8:30 AM Consumer Price Index for May statisticians, and so forth. June 15, 2011 2011 In writing articles for the Review, authors should aim at the Wednesday, 8:30 AM Real Earnings for May 2011 generalists in the audience on the assumption that the specialist June 15, 2011 will understand. Authors should use the simplest exposition of the subject consonant with accuracy and adherence to Friday, 10:00 AM Regional and State Employment scientific methods of data collection, analysis, and drawings June 17, 2011 and Unemployment for May 2011 of conclusions. Papers should be factual and analytical, not polemical in tone. Potential articles, as well as communications Wednesday, 10:00 AM American Time Use Survey for on editorial matters, should be submitted to: June 22, 2011 2010 Executive Editor Monthly Labor Review Wednesday, 10:00 AM Mass Layoffs for May 2011 U.S. Bureau of Labor Statistics June 22, 2011 Room 2850 Washington, DC 20212 Friday, 10:00 AM Persons with a Disability: Labor Telephone: (202) 691–7911 June 24, 2011 Force Characteristics for 2010 Fax: (202) 691–5908 E-mail: [email protected] Wednesday, 10:00 AM Metropolitan Area Employment and June 29, 2011 Unemployment for May 2011 The Secretary of Labor has determined that the publication of this periodical is necessary in the transaction of the public Thursday, 10:00 AM County Employment and Wages for business required by law of this Department. June 30, 2011 Fourth Quarter 2010 The opinions, analysis, and conclusions put forth in articles written by non-BLS staff are solely the authors’ and do not Subscribe to the BLS Online Calendar necessarily reflect those of the Bureau of Labor Statistics or the Department of Labor. Online calendar subscription—automatically updated: If you use a recent version of an electronic calendar, you may be able to sub- Unless stated otherwise, articles appearing in this publication scribe to the BLS Online Calendar. are in the public domain and may be reproduced without express permission from the Editor-in-Chief. Please cite the See details below for users of different types of calendars. specific issue of theMonthly Labor Review as the source. Instructions for Outlook 2007 and Apple iCal Users: Click on this link: webcal://www.bls.gov/schedule/news_release/bls.ics Links to non-BLS Internet sites are provided for your (Note: Link may seem to be broken if you do not have Outlook 2007 or convenience and do not constitute an endorsement. Apple iCal installed.) Information is available to sensory impaired individuals Instructions for Google Calendar, Mozilla, and Evolution Users: upon request: Copy and paste the URL address http://www.bls.gov/schedule/news_ Voice phone: (202) 691–5200 release/bls.ics into your calendar. Federal Relay Service: 1–800–877–8339 (toll free). Note: To receive automatic calendar updates, we recommend using Outlook 2007 or newer version. The calendar will not update automatically with Out- Cover Design by Keith Tapscott look 2003 or older versions. The tentative schedule to update the BLS Online Calendar is every Friday at approximately 3:30 PM Eastern Time. MONTHLY LABOR REVIEW Volume 134, Number 5 May 2011 Science, technology, engineering, and mathematics (STEM) occupations: a visual essay 3 Ben Cover, John I. Jones, and Audrey Watson JOLTS as a timely source of data by establishment size 16 Job Openings and Labor Turnover Survey estimates by establishment size are used to evaluate business-cycle employment patterns among employers Alan B. Krueger and Sarah Charnes A behavioral model for projecting the labor force participation rate 26 Various factors, including economic cycles, wages, school enrollment, and marital status, affect the participation of different groups of workers in the labor force Mitra Toossi Departments Labor month in review 2 Précis 43 Book review 45 Current labor statistics 47 Editor-in-Chief Executive Editor Managing Editor Editors Book Review Editor Design and Layout Contributors Michael D. Levi William Parks II Terry L. Schau Brian I. Baker James Titkemeyer Catherine D. Bowman Lisa Boily Casey P. Homan Edith W. Peters Jacob Galley Carol Boyd Leon Maureen Soyars Labor Month In Review The May Review The authors discuss how JOLTS data of the awards for articles published in can be used to shed light on patterns the MLR in 2010. The winner of an Technical jobs in science, technol- of hiring and separations in business article published by an author from ogy, engineering, and mathematics establishments of various sizes. Using BLS is Kathryn J. Byun for “The U.S. (or STEM occupations, as they are other data series for comparison, they housing bubble and bust: impacts on commonly called) “play an instru- evaluate the accuracy of JOLTS data employment,” published in the De- mental role in expanding scientific on small establishments. The authors cember 2010 issue. frontiers, developing new products, conclude with recommendations that Among the authors submitting ar- and generating technological prog- they believe could improve the JOLTS ticles from outside the Bureau, Sylvia ress,” according to the authors of the program with regard to methods and Allegretto and Devon Lynch were visual essay that opens this month’s research. recognized for “The composition of issue. These occupations are of sig- Every 2 years the Bureau produc- the unemployed and long-term un- nificant interest to jobseekers, em- es a series of 10-year projections on employed in tough labor markets,” ployers, educators, and others with important aspects of the U.S. labor which was published in the October an interest in the shape and direction market. Pivotal among these are pro- 2010 Review. of the U.S. economy. STEM jobs tend jections of the size of the labor force. Also this year, a “hybrid” winner to be concentrated in “cutting edge” The projected labor supply in the with authors from inside and out- industries such as computer systems model BLS uses is a product of two side BLS was selected: “Labor costs design, scientific research and de- factors: the projected size and growth in India’s organized manufacturing velopment, and high-tech manufac- of the population, and expected fu- sector,” by Jessica R. Sincavage, Carl turing industries. In addition, most ture trends in labor force participa- Haub, and O.P. Sharma, appeared in require a bachelor’s degree or higher tion (the percentage of the population the May 2010 edition. and tend to be high-paying occupa- in the labor force). Our final article Each year since 1969, the Law- tions. The authors use data from the this month examines a behavioral rence R. Klein Award has honored Occupational Employment Statistics model that takes into account vari- the best articles appearing in the program to illustrate various facets of ous factors—such as wages, school Review. The award was established employment for these occupations, enrollment, and marital status—that in honor of Lawrence R. Klein, who including geographic concentration may affect the labor force participa- retired in 1968 after 22 years as ed- and the percentage of employment tion of various groups of workers. The itor-in-chief of the Review and es- that STEM occupations account for in author finds that this model, which tablished a fund to encourage articles various industries. is the Bureau’s first attempt to test that (1) exhibit originality of ideas, As noted in this space in February, the effects of behavioral variables on methods, or analysis, (2) adhere to a symposium was held at BLS about projections, yields results similar to the principles of scientific inquiry, the Job Openings and Labor Turn- those obtained from the current BLS and (3) are well written. over Survey (JOLTS) program last model. Other work has to be per- December. The symposium marked formed on the experimental model a 10-year milestone of publishing before it can be used as a supplement Communications regarding the JOLTS to the standard model, including ex- monthly data for the pro- Monthly Labor Review may be gram and brought together leading tending it to include other explana- sent to: academic and policy-oriented users tory variables. Editor-in-Chief of the data. This month we pres- U.S. Bureau of Labor Statistics ent a paper that was delivered at the 2010 Klein Awards Washington, DC 20212 symposium, and we are hopeful that E-mail: [email protected] other papers from the symposium The Trustees of the Lawrence R.
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