Thursday, August 14, 2014

Time Spent Looking for Work

Looking for work became a bigger job after the Great Recession, according to an analysis of American Time Use Survey data by the Federal Reserve Bank of Cleveland.

On an average day in 2003-07 (before the Great Recession), 20 percent of the unemployed searched for a job. On an average day in 2008-12 (during and after the Great Recession), a larger 24 percent of the unemployed spent time looking for work.

The intensity of the job search varies by educational attainment. On an average day in 2008-12, only 17 percent of unemployed high school dropouts spent time looking for work versus 23 percent of those with a high school diploma or associate's degree and fully 35 percent of those with a bachelor's degree. Among those who looked for work on an average day, the time devoted to job search ranged from a low of 28 minutes among unemployed high school dropouts to 67 minutes for unemployed college graduates.

Source: Federal Reserve Bank of Cleveland, Job Search Before and After the Great Recession

No comments: