The dynamic behavior of the unemployment rate is determined by the worker flows into and out of unemployment. The … literature on the dynamics of unemployment flows typically emphasizes the following features: they simultaneously occur over the … business cycle, and their size is positively linked to the unemployment rate. Unemployment flows are highly volatile …

Worker flows to and from unemployment occur at all stages of the U.S. business cycle. The flows' dynamics affect the … dynamics of the unemployment rate. This paper studies the dynamics of unemployment flows and the unemployment rate and explores … projectional relationships involving flows and the unemployment rate. The test results extend the conventional wisdom on the …