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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.
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.