Worker Flows and Matching Efficiency
Federal Reserve Bank of Chicago - Research Department
November 1, 2011
Economic Perspectives, Vol. XXXV, No. 4, p. 147, 2011
Although job vacancies have increased quite significantly since mid-2009, the unemployment rate has not declined significantly. This article analyzes the matching efficiency of jobs and workers in U.S. labor markets and its impact on the behavior of the unemployment rate and other labor market outcomes since the start of the latest recession.
Number of Pages in PDF File: 23
Keywords: worker flows, vacancies, unemployment, matching, search, turnover, labor market dynamics, Business Fluctuations Cycles, Labor Turnover, Vacancies, Layoffs, Unemployment: Models, Duration, Incidence, and Job Search
JEL Classification: E32, J63, J64, J60Accepted Paper Series
Date posted: November 14, 2011
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