Barnichon, Regis; Elsby, Michael; Hobijn, Bart; Sahin, … - Federal Reserve Bank of San Francisco - 2010
The negative relationship between the unemployment rate and the job openings rate, known as the Beveridge curve, has been relatively stable in the U.S. over the last decade. Since the summer of 2009, however, the U.S. unemployment rate has hovered between 9.4 and 10.1 percent in spite of firms...