The search and matching model was analyzed to see if it accurately reflects U.S. labor market data. The study found that the model fits certain aspects of the data, like high persistence and volatility of key variables, and the relationship between unemployment and job vacancies. This is because of using convex hiring costs and considering separation rates in valuing job matches. The study offers a practical version of the model for understanding U.S. labor market dynamics and provides guidance for economists on how to model the labor market effectively.