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Partly this is a result of using a national business cycle measure with state unemployment.
Data on jobs and the counterfactual business cycle measure come from the Quarterly Census of Employment and Wages (QCEW).
As a robustness check, the log of employment growth is used as an alternative business cycle measure.
First, all coefficients are positive, consistent with the procyclical MJH found previously using the unemployment rate as the business cycle measure.
Most relevant to our work, Zangelidis finds an overall procyclical MJH pattern using country unemployment rates as the primary business cycle measure.
Because local area unemployment rates are measured with a nontrivial degree of error, we do not use changes in unemployment rates as a business cycle measure.
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The test, performed on the third day of the menstrual cycle, measures F.S.H. (follicle stimulating hormone), an indicator of the quantity and quality of ova.
"Cycle" measures 57 feet at its longest point, "Junction" 75 feet; they are 14 and 13 feet high, with "Cycle" nearly brushing the front gallery's ceiling trusses.
No significant relationship exists between MJH and business cycle measures once one accounts for MSA FE.
We examine differences in how MJH is related to the two business cycle measures used in prior literature, the unemployment rate and employment growth.
In what follows, we examine how MJH varies with respect to two alternative business cycle measures, the unemployment rate and growth rate in employment.
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