Natural Rate of Unemployment (Short-Term): 4.381 % as of 10-01-2029

The natural rate of unemployment (NAIRU) is the rate of unemployment arising from all sources except fluctuations in aggregate demand. Estimates of potential GDP are based on the long-term natural rate. (CBO did not make explicit adjustments to the short-term natural rate for structural factors before the recent downturn.) The short-term natural rate incorporates structural factors that are temporarily boosting the natural rate beginning in 2008. The short-term natural rate is used to gauge the amount of current and projected slack in labor markets, which is a key input into CBO's projections of inflation.

TBD
Category, Region, Data Source: http://www.cbo.gov/topics/budget/budget-and-economic-outlook

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Stats

Last Value 4.381 %
Latest Period 2029-10-01
Last Updated 2019-08-22 11:19:02-05
Frequency Q
Average Growth Rate -0.06
Long Term Average 5.4
Value from 1 Year Ago 4.401
Change from 1 Year Ago -0.45
Unit %
Adjustment %

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