Leadership

Labour Market Flows: Facts From The United Kingdom

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Executive Summary

In this paper the author uses the Labor Force Survey to obtain stylized facts about worker gross flows in the United Kingdom. The author analyses the size and cyclicality of the flows between employment, unemployment and inactivity. The author also examines job-to-job flows, employment separations by reason, flows between inactivity and the labor force, flows into and out of public sector employment and flows by education. The author decomposes contributions of job-finding and job-separation rates to fluctuations in the unemployment rate. Although the job-finding rate has been more relevant over the past ten years, the job-separation rate was particularly important during the early 1990s recession.

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