unemployment rates while evaluating the tightness of the labor market. …

This paper studies the relationship between the change in the unemployment rate and output growth using an approach …

information from the unemployment rates concerning the labor market. For this reason, it is claimed in the literature that the … Labor Force Participation Rate (LFPR) may be a better indicator than the unemployment rate during the economic crises. When … unemployment rate may decrease because of the diminishment in LFPR. To add more, it may not reflect the actual aspects of the …

We know from experience that weak economic growth increases the unemployment rate. In 1962 Okun proposed to measure … potential output in terms of unemployment gap. From this relation a direct link between increase in unemployment and output …

unemployment rates while evaluating the tightness of the labor market. …

What is the relative importance of hiring and separation in driving unemployment fluctuations? This paper presents a … framework to decompose the moments of unemployment and study the respective contributions of vacancy posting, a measure of firms …’ hiring efforts, and separation. Separation accounts for about 40% of unemployment's variance, compared to 60% for vacancy …

Mixed results for unemployment dynamics are reported in many studies using linear or non-linear unit root tests. A … possible explanation is that the literature focuses on the average behavior of unemployment and assumes that the speed of …-examine the dynamics of the unemployment rates in terms of shocks for 12 OECD countries. A newly developed quantile unit root test …

relationship between economic growth and unemployment fluctuations. Several attempts were later made to test the empirical …