Haver Resources
Dec 01

Watch our informative webcast: Fed encounters Beveridge Curve

Watch our latest on-demand webcast with Haver Senior Economist Sandy Batten as he provides an informative assessment of the Beveridge Curve in today’s labor market.

The U.S. Fed is confronting the most unbalanced labor market in decades, which is complicating its battle to rein in inflation. A 70-year-old construct—the Beveridge Curve—has regained popularity. It conveys how well the labor market is matching those unemployed to job openings. Openings now exceed unemployment by a near-record amount. This means that the labor market is currently not doing a very good job.

The Fed hopes that by raising interest rates and slowing the economy, it will reduce openings without a meaningful rise in unemployment. But this assumes a marked improvement in the efficiency of the labor market. This will be a challenge.Click here to watch the webcast

Duration: 14 minutes

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About The Author

Haver Analytics is pleased to bring Sandy Batten's commentaries on the state of the U.S. economy to its clients.

Sandy Batten has more than 30 years of experience analyzing industrial economies and financial markets and a wide range of experience across the financial services sector, government, and academia.

Before joining Haver Analytics, Sandy was a Vice President and Senior Economist at Citibank; Senior Credit Market Analyst at CDC Investment Management, Managing Director at Bear Stearns, and Executive Director at JPMorgan.

In 2008, Sandy was named the most accurate US forecaster by the National Association for Business Economics. He is a member of the New York Forecasters Club, NABE, and the American Economic Association.

Prior to his time in the financial services sector, Sandy was a Research Officer at the Federal Reserve Bank of St. Louis, Senior Staff Economist on the President’s Council of Economic Advisors, Deputy Assistant Secretary for Economic Policy at the US Treasury, and Economist at the International Monetary Fund. Sandy has taught economics at St. Louis University, Denison University, and Muskingun College. He has published numerous peer-reviewed articles in a wide range of academic publications. He has a B.A. in economics from the University of Richmond and a M.A. and Ph.D. in economics from The Ohio State University.