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Job Switching Rates during a Recession
The rate at which workers move to new jobs has progressed differently during the COVID-19 recession than during the Great Recession.
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.