Refresh this chart in your browser | Edit the chart in Datastream The COVID-induced rigidities in the US labour market are easing, but the labour market remains extremely tight, implying potential upwards pressure on inflation from wages. The Beveridge curve shows the relationship between job vacancies and unemployment. When jobs are plentiful (i.e. when vacancies are high) unemployment tends to be low (i.e. workers are scarce), and labour markets are said to be tight. In this world, wage inflation tends to be higher. When vacancies are low, unemployment tends to be high, and the labour market is said to be operating with