Paper explores shifting drivers of Beveridge curve

Authors say job openings and unemployment data are not enough to judge prospects of a soft landing

Financial data

Understanding why the Beveridge curve shifts is an important step for economists trying to judge the likelihood of a soft landing for the economy, new research finds.

The curve describes a negative relationship between job openings and the unemployment rate. It has been widely discussed recently by economists trying to understand whether central banks can lower inflation without a major rise in unemployment. The ideal situation would be a fall in job openings but only a minor rise – or no rise

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