Description

As from issue number 50, the Series of Economic Studies of the Central Bank of Chile will be called Studies in Economic Statistics.

The monitoring of the evolution of job ads posted by companies is used to estimate the economy’s labor demand, as it relates to economic activity and constitutes a matter of interest, for both business cycle evaluation and structural economic analysis. The digitalization of the economy, together with the massification of Internet use and access, has transformed the way potential employees are attracted. Companies have gone from posting job ads in the printed press, to doing so on specific web sites. Most recently, the state of the art in recruitment technology allows to collect, store and handle large volumes of unstructured information, by the use of specialized software. This document presents an Online Job Ad Index, based on public information posted on the main online recruitment web sites. This index seeks to complement the analysis of the labor market, as it is available before the results of employment surveys. The index is available at the Statistics Database of the Central Bank of Chile, at Employment chapter.