This paper provides evidence that unemployment rates across US states are stationary and therefore behave according to … associated with unemployment shocks. A highly-dimensional VAR analysis of the half-lives associated with shocks to unemployment …

This study examines the relationship between unemployment and labor force participation to judge the presence of the … discouraged worker/added worker/unemployment invariance effect in the US labor market, spanning the period 1976-2014. Panel unit … unemployment and labor force participation rates, while the impact of unemployment on labor force participation is negative …

Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They …, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage …

approach, the unemployment rate is on average 0.8 percentage points (ppts) higher than the official unemployment rate, with a …-cycle fluctuations in the unemployment rate from job separation, job finding, and participation. Correcting for misclassification changes … unemployment fluctuations, while participation accounts for fewer. The methodology I propose can be applied to any other labor …