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Federal Reserve Bank of Chicago
Economic Perspectives
Worker flows and matching efficiency
Marcelo Veracierto
Abstract

Although job vacancies have increased quite significantly since mid-2009, the unemployment rate has not declined significantly. This article analyzes the matching efficiency of jobs and workers in U.S. labor markets and its impact on the behavior of the unemployment rate and other labor market outcomes since the start of the latest recession.


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Marcelo Veracierto, "Worker flows and matching efficiency" , Federal Reserve Bank of Chicago, Economic Perspectives, issue Q IV, pages 147-169, 2011.
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Keywords: Labor market ; Unemployment ; Population
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