Cajner, Tomaz; Crane, Leland; Decker, Ryan; … - 2018
We show that high-frequency private payroll microdata can help forecast labor market conditions. Payroll employment is … that complement existing measures. In particular, we develop a set of weekly aggregate employment indexes from 2000 to 2017 …, which allows us to measure employment at a higher frequency than is currently possible. The extensive coverage of the ADP …