U.S. Labor Market Dynamics Revisited

Eran Yashiv

Scandinavian Journal of Economics, 2007, vol. 109, issue 4, 779-806

Abstract: The picture of U.S. labor market dynamics is opaque. This paper aims at its clarification by (i) listing data facts that can be agreed upon; these indicate that there is considerable cyclicality and volatility of both accessions to and separations from employment and hence both are important for the understanding of the business cycle; (ii) presenting the business‐cycle facts of key series; (iii) pointing to specific gaps in the data picture, showing that the definite characterization of labor market dynamics depends upon the closing of these data gaps.

Date: 2007
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