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Eric Hurst

Eric Hurst

Erik Hurst is the Roman Family Distinguished Service Professor of Economics at the University of Chicago Booth School of Business, a macro/labor economist.

Sep 29, 2026

6:55
Yeah.
6:55
This, you know, the Great Resignation, but also turned into the people finding new jobs, vacancies were going up because if you came to my firm, your firm had to replace you, and, you know, the Federal Reserve was saying, "Look at, vacancies are elevated.
7:09
It's a hot labor market." Again, this is in my prior work.
7:14
That not necessarily was the cha- the case.
7:17
There was one metric that was consistent with a hot labor market, which was the churn in the labor market, job-to-job flows.
7:25
It's a f- uh, one type of meas- metric, and when you come to my firm, you create a vac- vacancy at your firm.
7:32
When I go to your firm, I create a...
10:08
You will often see them literally on your paycheck.

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