To better understand unemployment dynamics it is key to assess the role played by job creation and job destruction …. Although the U.S. case has been studied extensively, the importance of job finding and employment exit rates to unemployment … finding and job separation rates for the U.S. unemployment rate dynamics. Drawing on this approach, we are able to reconcile …

wages. A one-point increase in the unemployment rate decreases wages of newly hired male workers by around 2.8% and by just …