Beveridge Curve
A chart plotting job vacancies against unemployment, used to judge how well the labour market matches…
In plain English
A chart plotting job vacancies against unemployment, used to judge how well the labour market matches workers to jobs.
The Beveridge curve, named after British economist William Beveridge, usually slopes down: when there are lots of open jobs, unemployment is low, and vice versa.
If the curve shifts outward, both vacancies and unemployment are high at the same time, a sign workers and jobs are struggling to find each other. Central bankers watch it to judge whether they can cool demand without causing big job losses. Data such as JOLTS feed it.
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