Job Market Monitor
Matching
Matching to First Jobs – Informal hiring channels are more important in the job matching process during recessions than in booms
A large and active empirical literature has asserted that informal hiring channels can provide firms with information about worker qualities. Informal hiring channels mitigate the inherent uncertainty faced by recruiting firms and thus reduce firm-level hiring costs. But the existence of informal hiring channels may also dampen aggregate labor market fluctuations if recessions provide firms … Continue reading
Tech Is Changing “Matching” in the Workforce
As technological innovations have boosted data collection and processing capabilities in the last decade, tools and platforms using this technology have changed or accelerated how job seekers and employers nd each other. Combined with overall labor market trends that see workers changing jobs more frequently and a higher need for more specialized skills, these matching … Continue reading
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