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Clicks and jobs: measuring labour market tightness using online data

Author

Listed:
  • Adrjan, Pawel

    (Indeed Hiring Lab)

  • Lydon, Reamonn

    (Central Bank of Ireland)

Abstract

Record employment levels in Ireland in 2019 are putting upward pressure on wages and salaries as labour demand rises relative to supply. Analysis of online data reveals the skills employers look for, the jobs workers search for and the salaries for different roles – all at a highly granular level. A new measure of labour market tightness using the number of clicks on a job posting shows that advertised salaries are significantly higher in jobs where the supply of potential workers is low relative to demand.

Suggested Citation

  • Adrjan, Pawel & Lydon, Reamonn, 2019. "Clicks and jobs: measuring labour market tightness using online data," Economic Letters 6/EL/19, Central Bank of Ireland.
    • Handle: RePEc:cbi:ecolet:6/el/19
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    File URL: https://www.centralbank.ie/docs/default-source/publications/economic-letters/vol-2019-no-6-clicks-and-jobs-measuring-labour-market-tightness-using-online-data-(adrjan-and-lydon).pdf?sfvrsn=6
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    Cited by:

    1. Alejandra Bellatin & Gabriela Galassi, 2022. "What COVID-19 May Leave Behind: Technology-Related Job Postings in Canada," Staff Working Papers 22-17, Bank of Canada.
    2. Groiss, Martin & Sondermann, David, 2023. "Help wanted: the drivers and implications of labour shortages," Working Paper Series 2863, European Central Bank.
    3. Oleksandr Faryna & Tho Pham & Oleksandr Talavera & Andriy Tsapin, 2020. "Wage Setting and Unemployment: Evidence from Online Job Vacancy Data," Economics Discussion Papers em-dp2020-02, Department of Economics, University of Reading.
    4. Caglayan, Mustafa & Talavera, Oleksandr & Xiong, Lin, 2022. "Female small business owners in China: Discouraged, not discriminated," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
    5. Bobeica, Elena & Koester, Gerrit & Lis, Eliza & Nickel, Christiane & Porqueddu, Mario, 2019. "Understanding low wage growth in the euro area and European countries," Occasional Paper Series 232, European Central Bank.
    6. Faryna, Oleksandr & Pham, Tho & Talavera, Oleksandr & Tsapin, Andriy, 2022. "Wage and unemployment: Evidence from online job vacancy data," Journal of Comparative Economics, Elsevier, vol. 50(1), pages 52-70.
    7. Byrne, Stephen & McIndoe-Calder, Tara, 2019. "Employment Growth: Where Do We Go From Here?," Quarterly Bulletin Articles, Central Bank of Ireland, pages 122-148, July.
    8. Stef Garasto & Jyldyz Djumalieva & Karlis Kanders & Rachel Wilcock & Cath Sleeman, 2021. "Developing experimental estimates of regional skill demand," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2021-02, Economic Statistics Centre of Excellence (ESCoE).
    9. Emilio Colombo & Alberto Marcato, 2021. "Skill Demand and Labour Market Concentration: Theory and Evidence from Italian Vacancies," DISEIS - Quaderni del Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo dis2104, Università Cattolica del Sacro Cuore, Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo (DISEIS).

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