New Labor Market Indicators Issue I

October 4, 2005

This is the first report of the SCEPA Labor Market Indicators (LMI) project.

Here we introduce two new indicators designed to capture both quantity and quality dimensions of labor market performance: the SCEPA Underemployment Rate measures the share of the labor force that is unemployed, paid very low wages, or works involuntarily part-time; the SCEPA Adequate Employment Rate measures the share of the working age population employed at jobs paying above the low-wage threshold and not working involuntarily part-time.

Authors: David R. Howell, Jeff Madrick and Melissa Mahoney
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