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Canada’s Beveridge curve and the outlook for the labour market

Author

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  • Alexander Lam

Abstract

Canada’s labour market is tight but beginning to ease. Unemployment will likely rise in turn, but the economy can avoid a recessionary surge given current conditions. Higher unemployment would nonetheless be material, especially for those directly impacted.

Suggested Citation

  • Alexander Lam, 2022. "Canada’s Beveridge curve and the outlook for the labour market," Staff Analytical Notes 2022-18, Bank of Canada.
    • Handle: RePEc:bca:bocsan:22-18
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    File URL: https://www.bankofcanada.ca/2022/11/staff-analytical-note-2022-18/
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    References listed on IDEAS

    as
    1. Sushant Acharya & Shu Lin Wee, 2020. "Rational Inattention in Hiring Decisions," American Economic Journal: Macroeconomics, American Economic Association, vol. 12(1), pages 1-40, January.
    2. Richard Archambault & Mario Fortin, 2001. "The Beveridge curve and unemployment fluctuations in Canada," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 34(1), pages 58-81, February.
    3. Regis Barnichon & Andrew Figura, 2015. "Labor Market Heterogeneity and the Aggregate Matching Function," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(4), pages 222-249, October.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Fabrice Collard & Patrick Feve & Alain Guay, 2024. "Risk Scenarios and Macroeconomic Forecasts," Working Papers 24-03, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management, revised May 2024.
    2. Fortin, Pierre, 2024. "Does immigration help alleviate economy-wide labour shortages?," CLEF Working Paper Series 70, Canadian Labour Economics Forum (CLEF), University of Waterloo.
    3. Marc-André Gosselin & Sharon Kozicki, 2023. "Making It Real: Bringing Research Models into Central Bank Projections," Discussion Papers 2023-29, Bank of Canada.

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    More about this item

    Keywords

    Business fluctuations and cycles; Central bank research; Labour markets; Recent economic and financial developments;
    All these keywords.

    JEL classification:

    • J - Labor and Demographic Economics
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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