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It is commonly accepted wisdom that the higher quality job you pursue the longer your job search will be; this makes sense as the matching problem becomes much
by danteembermage 17y ago
It is commonly accepted wisdom that the higher quality job you pursue the longer your job search will be; this makes sense as the matching problem becomes much more difficult.
Therefore the more skilled the labor force the longer time "between jobs" is going to be optimal from the job seekers perspective; it's worth it to get the match right.
I'll let you make your own conclusions on what this implies for the percentage unemployment rate after recessions.