employment growth rates across sectors (G) and the unemployment rate implies that shifts in demand from some sectors to others … are responsible for a substantial fraction of cyclical variation in unemployment. This paper demonstrates that, under … the unemployment rate. Two tests are developed which permit one to distinquish between a pure sectoral shift …

This paper presents two key facts which call into question the value of unemployment rates as barometers of labor … market tightness. First, while both unemployment rates and unsatisfied labor demand proxies perform reasonably well on their … pairing the relevant unemployment rate and unsatisfied demand proxies. The paper also provides results which indicate that …

This paper accounts for the observed increase in unemployment duration relative to the unemployment rate in the U ….S. over the past thirty years, typified by the record low level of short-term unemployment. We show that part of the increase … remaining increase in unemployment duration relative to the unemployment rate is concentrated among women, whose unemployment …

unemployment they have experienced (state dependence). We use Current Population Survey (CPS) data on unemployed individuals linked … outcomes. Even with these controls in place, we find that unemployment duration has a strongly negative effect on the … explanation for the negative association between unemployment duration and subsequent employment rates. We also find that longer …