Worker Flows and Matching Efficiency

23 Pages Posted: 14 Nov 2011

See all articles by Marcelo Veracierto

Marcelo Veracierto

Federal Reserve Bank of Chicago - Research Department

Date Written: November 1, 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.

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

Suggested Citation

Veracierto, Marcelo, Worker Flows and Matching Efficiency (November 1, 2011). Economic Perspectives, Vol. XXXV, No. 4, p. 147, 2011, Available at SSRN:

Marcelo Veracierto (Contact Author)

Federal Reserve Bank of Chicago - Research Department ( email )

230 South LaSalle Street
Chicago, IL 60604-1413
United States
(312) 322-6595 (Phone)

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