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Tags
- nsa x 69,373Not seasonally adjusted
- usa x 55,502United States of America
- nation x 49,316Country Level
- quarterly x 10,805
- rate x 5,684
- unemployment x 5,091
- long-term x 19
- cbo x 4U.S. Congress: Congressional Budget Office
- nairu x 2Non-Accelerating Inflation Rate of Unemployment
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Natural Rate of Unemployment (Long-Term) (NROU)
2023:Q4: 5.25 Percent Last 5 Observations
Quarterly, Not Seasonally Adjusted, Updated: 2013-02-05 3:16 PM CST
| Source: | U.S. Congress: Congressional Budget Office |
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| Release: | Budget and Economic Outlook |
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Notes:
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. |
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