claims on business income also rise. According to the leading view of unemployment-the Diamond-Mortensen-Pissarides model …-when the incentive for job creation falls, the labor market slackens and unemployment rises. Employers recover their … investments in job creation by collecting a share of the surplus from the employment relationship. The value of that flow falls …

away from existing jobs is another key determinant of equilibrium, because a worker with an existing job has a better … outside option in bargaining than does an unemployed worker. Our survey measures the incidences of wage posting, bargaining … their employers, a sign of wage posting. We find that another third bargained over pay before accepting their current jobs …

from just two of those types. Low employment types frequently circle among unemployment, short-term jobs, and being out of … the labor market. Short-term jobs play a role in the job-finding process related to the role of unemployment. These are … stop-gap jobs for high-employment types and a part of circling for low-employment types. Because of their high job …

heterogeneous jobs because an adverse shock destroys jobs in plants close to the margin of shutdown. Until other plants drift close … concentration. Data on job destruction and employment change for U.S. manufacturing show unambiguous evidence of concentration …

result of lingering slackness in the labor market in the form of abnormal unemployment and substandard weekly hours of work …

U.S. output has expanded only slowly since the recession trough in 2009, even though the unemployment rate has …

Matching efficiency is the productivity of the process for matching jobseekers to available jobs. Job-finding is the … output; vacant jobs and active jobseekers are the inputs. Measurement of matching efficiency follows the same principles as … over the period from 2001 through 2013. Measures of matching efficiency that neglect heterogeneity among the unemployed and …

the official employment survey. The paper finds that only a minority of the unemployed conform to the conventional picture … of a worker who has lost one job and is looking f or another job. Other important categories are those who have jobs but … are not at work because the jobs have not yet started or because of layoff, workers who are in normal spells between …

employment. Evidence is presented that most unemployed workers became unemployed because their previous jobs came to an end; only … generally ones where jobs are brief and there is a large flow of newly jobless workers. The model of the duration of employment … length of jobs. Full equilibrium in the labor market also requires that the rate at which unemployed workers find new jobs be …

Unemployment recoveries in the US have been inexorable. It is a remarkable fact that, prior to 2020, after unemployment … reached its peak in a recession, and a recovery began, the annual reduction in the unemployment rate was stable at around 0 ….1 log points per year. The economy seems to have an irresistible force toward restoring full employment. Unless another …