Open access
Date
2012-11Type
- Working Paper
ETH Bibliography
yes
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Abstract
We evaluate nowcasts and one- to four-quarter-ahead forecasts of Swiss full time equivalent jobs from 1998q1–2011q4, comparing forecasts of the KOF Swiss Economic Institute and of the State Secretariat for Economic Affairs with the outcome of the reference series. Both forecasts are biased downward, and they do not capture the trend of the reference series well. In addition, we show that the KOF Employment Indicator as well as the Employment Indicator of the Federal Statistical Office are useful to predict the evolution full time equivalent jobs with a lead of about one quarter. Show more
Permanent link
https://doi.org/10.3929/ethz-a-007568961Publication status
publishedJournal / series
KOF Working PapersVolume
Publisher
KOF Swiss Economic Institute, ETH ZurichSubject
BETRIEBSWIRTSCHAFTLICHE PROGNOSE; LABOUR MARKET AND EMPLOYMENT; SCHWEIZ (MITTELEUROPA). SCHWEIZERISCHE EIDGENOSSENSCHAFT; SWITZERLAND (CENTRAL EUROPE). SWISS CONFEDERATION; LEVEL OF EMPLOYMENT; ARBEITSMARKT UND BESCHÄFTIGUNG; BESCHÄFTIGUNGSGRAD; BUSINESS FORECASTSOrganisational unit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
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ETH Bibliography
yes
Altmetrics