Curveball

The Wall Street Journal, Wednesday, April 11

HEARD ON THE STREET: Financial Analysis & Commentary

On Jobs, No Celebratory Beveridge, by Justin Lahart

“Curveball” is the heading of a graph illustrating the “Beveridge Curve.”

The Beveridge Curve is a downward sloping line which plots unemployment rates against vacancy rates.

“…unemployment rates are much higher than they used to be.”   The curve looks different than before the recession, suggesting that the “labor market has become less efficient at matching workers with jobs, something that can happen when workers don’t have the skills that employers need.”

A curveball in baseball is a ball that has spin on it;  it does not go straight.

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