This paper explores the relationship between standard labor market tightness (vacancies divided by unemployment) and generalized labor market tightness (vacancies divided by a measure of effective ...

“Unemployment is like a headache or a high temperature — unpleasant and exhausting but not carrying in itself any explanation of its cause,” British economist William Beveridge famously quipped. Today ...

As U.S. economic growth slows this year, a key question is whether job openings can fall from historical highs without a substantial rise in unemployment. Analyzing the current Beveridge curve ...

Alicia Lopez didn't set out to help manage a brewery, but that's what she did to pay the bills out of college. Before the pandemic, hospitality had accidentally become her career. But now, Alicia and ...

Sitting in a medical clinic recently, as a young-looking nurse extracted blood from his veins, your columnist’s mind turned to the flexibility of the American labour market. How long, exactly, had she ...

Inflation has climbed since 2021, as the labor market has tightened. Two historical data relationships can account for elevated inflation over the past two years: the Beveridge curve, which relates ...