flow data out of unemployment containing information on the level of educational attainment of the worker, but not on the …

market clears at each instant but some labor markets have more workers than jobs, hence unemployment, and some have more jobs … comovement of unemployment, job vacancies, and the rate at which unemployed workers find jobs over the business cycle. It can …-to-employer transitions, and it helps explain the cyclical volatility of vacancies and unemployment …