In recessions, unemployment increases despite the - perhaps counterintuitive - fact that the number of unemployed … excess earnings losses from job displacement and from graduating during recessions, and the insensitivity of unemployment to … workers finding jobs expands. On net, unemployment rises only because even more workers lose their jobs. We propose a theory …

unemployment rate at labor market entry for each birth cohort and state-of-birth cell based on average state migration rates and …

Canadian unemployment rate in booms and busts. We find strong evidence in favor of asymmetric spillover effects. Unemployment … of the 2-year ahead forecast error of the Canadian unemployment rate in periods of slack vs. just 2% during economic … of the latter, lead to a temporary increase in the Canadian unemployment rate. Evidence of asymmetric spillover effects …