A Monthly Workers labourmarket sentimentindicator; Doing more with The Consumer Survey

More frequent and timely information on the development of the employed and unemployed labour force can be useful. This can be provided by a composite sentiment indicator, the workers’ sentiment, constructed from outcomes of the Consumer Survey. The high correlation found between consumer survey indicators and labour market developments can be explained by the great importance of job prospects for the average consumer. The constructed composite sentiment indicator is very successful in tracking developments in the direction employed and unemployed labour force

Downloads