New data compel a new view of events in the labor market during a recession. Unemployment rises almost entirely because … finding from new data is that a large fraction of workers departing jobs move to new jobs without intervening unemployment. I …

and Sweden). We conduct inference with mixed frequency data, combining quarterly series for unemployment, vacancies, GDP …, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each … country, which can then vary in terms of search and hiring costs, workers' bargaining power, unemployment benefits levels …

employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of …). Accordingly, the efficient unemployment rate is the geometric average of the unemployment and vacancy rates: u* = √uv. We compute …

We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job …

signals. The University of Michigan Social Media Job Loss Index tracks initial claims for unemployment insurance at medium and …

A search-theoretic general equilibrium model of frictional unemployment is shown to be consistent with some of the key … regularities of unemployment over the business cycle. In the model the return to a job moves stochastically. Agents can choose … unemployment …

unemployment spells are less likely to file. We show that if the decision to file for UI is affected by benefit levels and the … expected duration of unemployment, it will bias estimates of the effects of UI on unemployment duration …

Using data from a social experiment, we estimate the impact of training on the duration of employment and unemployment … unemployment spells lead to biased estimates of the effects of training. We present and implement several econometric approaches … unemployment spells …