Does this mean that BLS will finally calculate a Beveridge Curve for the US at
regular intervals?
Peter Dorman
Richardson_D wrote:
> BLS DAILY REPORT, MONDAY, OCTOBER 26, 1998
>
> BLS got all the fiscal 1999 funding the Clinton Administration requested
> to continue efforts to improve the CPI and other data series, according
> to the agency. ... BLS funding will allow the agency to continue its
> ongoing effort to improve the CPI and develop a new data series on labor
> market conditions, according to Kate Newman, head of BLS's financial
> planning and management division. ... BLS says the extra money will
> allow the agency to speed up the process of updating the market basket
> of goods and service sampled to determine price changes. The added
> funding should allow BLS to expand the amount of information collected
> on the prices and characteristics of certain goods and services. ...
> Current statistical series do not show directly labor market shortages
> and if labor market tightness is exerting upward pressure on wages. "We
> would be providing monthly data on separations, new hires and current
> job openings to assess the demand for labor or the existence of labor
> shortages," Newsman said. BLS will begin publishing the data in 2001.
