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Forecasting Unemployment: A Small Business-Survey Model

机译:失业预测:小型企业调查模型

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摘要

The National Federation of Independent Business (NFIB) has surveyed its membership (numbering over 600,000 member firms) since 1973 about economic decisions and expectations. In this paper, responses to questions about plans to create new jobs and hard-to-fill job openings are used to predict the national unemployment rate. Small firms account for the bulk of job creation in the economy, and the NFIB measures explain 80 percent of the variation in the unemployment rate. The NFIB data also indicate a substantial "overshoot" in hiring at the end of the 1990s expansion that helps to explain the period of employment loss and subsequent period of slow employment growth.
机译:自1973年以来,全国独立企业联合会(NFIB)就其经济决策和期望调查了其成员(超过60万家成员公司)。在本文中,通过回答有关创造新工作计划和难以填补的职位空缺的问题,来预测全国失业率。小型企业在经济中创造了大部分工作,而NFIB的措施解释了失业率变化的80%。 NFIB的数据还表明,在1990年代末期的扩张中,招聘出现了大幅“超调”,这有助于解释就业损失时期和随后的缓慢就业增长时期。

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