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Worker Flows and Matching EfficiencyMarcelo VeraciertoFederal Reserve Bank of Chicago - Research Department November 1, 2011 Economic Perspectives, Vol. XXXV, No. 4, p. 147, 2011 Abstract: 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, J60 Accepted Paper SeriesDate posted: November 14, 2011Suggested CitationContact Information
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