MEASURING LABOR MARKET FRICTION USING SOCIAL NETWORKING MEMBER INFORMATION AS A PROXY FOR NATIONWIDE LABOR STATISTICS

摘要

Example methods and systems are directed to measuring labor market friction using social networking member information as a proxy for nationwide labor statistics. As nationwide labor statistics are often generic, the social networking member information can serve as a way to more granularly identify where labor market frictions are occurring across communities and/or industries. A user selects one or more labor pool criterion for selecting job postings of a social networking service to be included in the desired labor market. The labor pool criterion are also used to select potential members of the social networking service to be included in the desired labor market. Various comparisons are then made to match the member profiles of the potential members with the selected job postings to determine vacancy rates and potential job seekers. These values are then used to highlight geographic regions where there may be labor market friction.