Natural Rate of Unemployment, long-term : 4.23% (As of 2033-10-01)
Natural Rate of Unemployment, long-term was 4.23 as of 2033-10-01, according to Congressional Budget Office. Historically, Natural Rate of Unemployment, long-term reached a record high of 6.24 and a record low of 4.23, the median value is 5.37. Typical value range is from 4.27 to 4.39. The Year-Over-Year growth is -0.54%. GuruFocus provides the current actual value, an historical data chart and related indicators for Natural Rate of Unemployment, long-term - last updated from the United States Federal Reserve on 2033-10-01.
Quarterly , not seasonally adjusted . 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.
|Category||Population, Employment, & Labor Markets|
|Source||Congressional Budget Office|
|Long Term Average||4.33%|
|Average Annualized Growth Rate||-0.26%|
|Value from 1 year ago||4.25%|
|Change from 1 year ago||-0.47%|