Unemployment Rate and Youth Earnings Data Series for the Recruit Market Information System
Abstract
Each branch of the Service has a national security mission and must recruit the quantity and quality of personnel to fulfill its mission. Understanding local labor market conditions in each marketing area is vital to the ability of each service to meet it's recruiting mission. Key indicators of the conditions in recruit market areas are local unemployment rates and civilian wages of the cohorts of youths from Which recruits are obtained. The Defense Manpower Data Center (DMDC) tasked Fu Associates, Ltd. to develop historical and forecast series of unemployment rates and youth earnings data by Service recruiting districts, or Management Unit Designators (MUDs), for the period 1993 through the 1st quarter of FY 2001. The unemployment rate series was developed by applying regression methods and techniques dad a from the Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics (LAUS) files. The earnings series was derived from age earnings profies estimated with earnings subsamples Batracted from monthly Current Population Survey ?CPS) files. Forecast data used to make unemployment and earnings projectsions came from Standard & Poor's DRI Basic U.S. Regional Economic Service.
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 2002
- Accession Number
- ADA405677
Entities
People
- Rhonda M. Byrnes