Academic Literature

US / Labor Economics / Is the the Beveridge curve shifthing ?

When trying to determine if high unemployment is being caused by weak demand or by a mismatch between jobs and the skills of job seekers, economists look at the Beveridge Curve. It represents the relationship between the unemployment rate and the job vacancy rate. On a simple chart, vacancies are on the vertical axis and unemployment is on the horizontal…

The gently sloping Beveridge Curve for shorter-term unemployed looks pretty normal, as jobs become available, they are steadily filled:

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But the one for longer-term unemployed shows an outward shift, where jobs opening are not associated with lower levels of unemployment:

Choosen excerpts by Job Market Monitor from

FireShot Screen Capture #2278 - 'Turning the temporarily unemployed into the permanently disabled I AEIdeas' - www_aei-ideas_org_2012_12_turning-the-temporarily-unemployed-into-the-permanently-disabledvia Turning the temporarily unemployed into the permanently disabled | AEIdeas.

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