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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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https://www.stlouisfed.org/on-the-economy/2023/sep/is-soft-landing-possible-what-beveridge-curve-reveals
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2023-09-01