One wonky chart shows how seriously the coronavirus pandemic has disrupted the labor market

The Beveridge curve shows that the coronavirus pandemic has disrupted the US labor market. The graphical chart shows the relationship between unemployment and the job vacancy rate. April data reflecting the coronavirus pandemic shutdowns shifted the curve significantly to the right.  This is likely because of the impact of temporary layoffs, which threw off the usual balance between unemployment and job vacancies, Nick Bunker, an economist at Indeed, told Business Insider.  As the US economy recovers, it’s likely that the Beveridge curve will shift back more in line with the general trend — the same thing that happened

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