Despite a low unemployment rate, wage growth in the U.S. was negligible during the 2013-2015 period. Conventional … linear models of the relationship between wages and unemployment, the so- called wage Phillips curve (WPC), and previous … models of the WPC that rely on regime-switching driven only by changes in unemployment, provide a poor fit in the aftermath …

This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal … Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a …

We assess the stability of the unemployment gap parameter using linear dynamic Phillips curve models for the United … States. In this study, we allow the unemployment gap parameter to be time-varying such that we can monitor the importance of …

We assess the stability of the unemployment gap parameter using linear dynamic Phillips curve models for the United … States. In this study, we allow the unemployment gap parameter to be time-varying such that we can monitor the importance of …

in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

We study the problem of obtaining an accurate forecast of the unemployment claims using online search data. The … the unemployment rate. The data regarding initial jobless claims are published by the US Department of labor weekly. To …) architecture of Recurrent Neural Networks, to predict the unemployment claims (initial jobless claims) using the Google Trends …

. One of the policies necessary to achieve stabilization is full employment. However, the growth rate of unemployment in … the unemployment problem, the volatility of the growth rate of unemployment has to be known in order to launch appropriate … employed to estimate the volatility with symmetric and asymmetric effects. The monthly data on unemployment is downloaded to …

We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The …