We propose a highly tractable way of analyzing business cycles in an environment with random job search both off- and on-the-job (OJS). Heterogeneity in productivity across jobs generates a job ladder ...

Understanding these cycles can help you make strategic financial decisions. In an expansion phase, businesses thrive, and unemployment rates drop, creating a favorable environment for job seekers.

The unemployment rate rose slightly in February ... Sometimes the household survey is better at predicting changes in the business cycle. It might find softening sooner,” she said.