States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …

-market recovery from financial crises is characterized by either higher unemployment ("jobless recovery") or a lower real wage …

market clears at each instant but some labor markets have more workers than jobs, hence unemployment, and some have more jobs … comovement of unemployment, job vacancies, and the rate at which unemployed workers find jobs over the business cycle. It can …-to-employer transitions, and it helps explain the cyclical volatility of vacancies and unemployment …

This paper uses data on unemployment rates and job vacancy rates to measure structural/frictional and demand …-deficient components of unemployment rate differences across local labor markets. Data on occupational and industrial distributions of … unemployed workers and vacant jobs, as well as on local wages, recent sales growth, Unemployment Insurance, and demographics are …

Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about … the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge Curve pattern of … unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores …

Recent work has demonstrated that existing solutions of the unemployment volatility puzzle are at odds with the …. Our model reproduces the observed fluctuations in unemployment because hiring a worker is a risky investment with long … therefore greatly declines, leading to a large decrease in job vacancies and an increase in unemployment of the same magnitude …

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 …

We use job vacancy data collected in real time by Burning Glass Technologies, as well as unemployment insurance (UI …

establishments; b) the amplitude and propagation of cyclical fluctuations in flows between employment and unemployment; c) the … negative comovement of unemployment and vacancies in the form of the Beveridge curve; and d) the dynamics of the distribution …