This paper develops a search and matching model of equilibrium unemployment, with on-the-job search, extended to both … large, an increase in labour market tightness increases the unemployment rate and then the ‘vacancies-unemployment …

its basic characteristics - labor force participation, employment, unemployment, hirings and separations, vacancies …

force participation, employment and unemployment rates, vacancy rates, the incidence of informal employment, and average … come together. Relatively high wage and employment levels go hand in hand with low levels of unemployment and informal … rising unemployment, in others these indicators did not change, and in others they even improved. However, real wages fell in …