The article reports on a study regarding the industries which are slowly shifting in the Beveridge curve, a measure of the negative connection between the unemployment rate and job opening rate in the U.S. According to job opening and labor turnover survey (JOLTS) data in the country, the failure of the nation to improve its unemployment rate despite the economic growth is due to the shortcomings of job openings. The authors mention that the shortcoming of hires per vacancy is forcing the labor market to shift in the Beveridge curve.
|Journal||Monthly Labor Review|
|Publication status||Published - 1 Jun 2012|