Journal Article
Finding a Soft Landing along the Beveridge Curve
Bok, Brandyn; Petrosky-Nadeau, Nicolas; Valletta, Robert G.; Yilma, Mary (2022-08-29)
As U.S. economic growth slows this year, a key question is whether job openings can fall from historical highs without a substantial rise in unemployment. Analyzing the current Beveridge curve relationship between unemployment and job openings presents a meaningful possibility that labor market pressures can ease and achieve a “soft landing” with only a limited increase in unemployment. This view is supported by high rates of job matching in the U.S. labor market in 2022, despite ongoing employment reallocation across industries.
FRBSF Economic Letter , Volume 2022 , Issue 24 , Pages 6

What Is the Key to Improving Worker Resiliency in the Labor Market?
Rodgers, William M.; Kassens, Alice (2022-08-30)
The tight labor market has helped most vulnerable workers recover. Improving the job matching process can help them keep their gains if conditions deteriorate.
On the Economy

What Does the Beveridge Curve Tell Us about the Labor Market Recovery?
Rodgers, William M.; Kassens, Alice (2022-07-14)
Examining the relationship between the jobless rate and the job vacancy rate reveals recent changes in the job matching process between U.S. employers and workers.
On the Economy