In this paper we study 2-state Markov switching VAR models of monthly unemployment and inflation for three countries … with high or low unemployment volatility. We find that MS-VAR models seem to provide a better description of the data than … variance in unemployment. In the U.S. case we find that the variance of unemployment is lower in the low inflation regime than …

a link between stock volatility and real economic activity, such as unemployment rates, it can be misleading …

Unemployment varies substantially over time and across subgroups of the labour market. Worker flows among labour market … states act as key determinants of this. We examine how the structure of unemployment across groups and its cyclical movements … last 35 years, we decompose unemployment variation into parts accounted for by changes in rates of job loss, job finding …