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Can I use your phone? http://12yo.icu 12yo  Figure 1 shows the Beveridge curve relationship between the unemployment rate and job vacancy rate from 2000 to 2012 (see Daly et al. 2012). The blue dots show that, before the Great Recession, the unemployment and job vacancy rates had a stable, inverse relationship. Unemployment typically fell as job openings rose. However, since late 2007, the Beveridge curve has gradually shifted outward, as shown by the yellow dots. Although job openings rose, unemployment fell more sluggishly than in the past, indicating slow recovery of the labor market.
Tracey 2019-05-29 18:45:44

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