Beveridge Curves for 4 U.S. Regions (JOLTS)

Regarding my earlier post, a few people have pointed out that the measure of job vacancies I employed was based on newspaper advertisements. To the extent that there has been a shift in advertising away from print to online media, the Beveridge curves I plotted earlier may be distorted.

Evidently, the conference board has some measure of online job advertisements, available (I think) for only since 2005 or so. My RA reports that they want $20K for the data. Uh...sure. I'll see what I can do about this.

But in the meantime, I provide plots of regional Beveridge curves using JOLTS data which, unfortunately, is available only for the past decade. I do this first the conventional way, plotting vacancies against unemployment. But because I am no fan of unemployment measures (half of the flow into employment comes from out of the labor force), I also plot the BC my preferred way; that is, with vacancies plotted against the employment ratio.