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AL
2.2.2
Volkswirtschaftslehre 2014
US Beveridge Curve 01/2001-01/2009
3,5
2,5
1,5
3 4 5 6 7 8 9 10 11
unemployment
added structural unemployment
added cyclical unemployment
L4 2014
52 [ Inhaltsverzeichnis ] [ Aufgabe ]
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If the higher unemployment rate is entirely down to cyclical factors, the point will be an extension of the given Beveridge Curve, at nearly 10% according to the article. More unemployment will correspond to a lower vacancy rate.
If the rise in unemployment is also structural, the curve will shift outward. The point will still be at nearly 10% unemployment, but the vacancy rate will now be higher as there are a number of job openings that cannot be filled due to a mismatch of skills.
vacancy rate
