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Is a Soft Landing Possible? What the Beveridge Curve Reveals
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.
Examining the Beveridge Curve with a Dual Vacancy Model
The Beveridge curve looks at the relationship between the job vacancy rate and the unemployment rate. But how is the curve affected by employed workers competing for unfilled jobs?
A Hard or Soft Landing? The Answer May Lie in the Beveridge Curve
The traditional Beveridge curve suggests that a sharp rise in unemployment is needed to meaningfully lower the job vacancy rate. But the curve shaped by the pandemic labor market may signal a different result.
What Does the Beveridge Curve Tell Us about the Labor Market Recovery?
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.