Is a Soft Landing Possible? What the Beveridge Curve Reveals

Abstract: Adjusting the Beveridge curve to exclude the effect of workers switching jobs suggests that the vacancy rate could fall to pre-pandemic levels without causing the U.S. jobless rate to exceed a 2001-23 average.

Keywords: Beveridge curve; job switching; job vacancy rate; jobless rate;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2023-09-01