Natural Rate of Unemployment, long-term : 4.20% (As of 2034-10-01)
Historical Data
Basic Info
Natural Rate of Unemployment, long-term was 4.20 as of 2034-10-01, according to Congressional Budget Office. Historically, Natural Rate of Unemployment, long-term reached a record high of 6.24 and a record low of 4.20, the median value is 5.36. Typical value range is from 4.25 to 4.37. The Year-Over-Year growth is -0.57%. GuruFocus provides the current actual value, an historical data chart and related indicators for Natural Rate of Unemployment, long-term - last updated on 2034-10-01.
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 |
| Region | USA |
| Source | Congressional Budget Office |
Stats
| Name | Value | ||
|---|---|---|---|
| Last Value | 4.20% | ||
| Latest Period | 2034-10-01 | ||
| Long Term Average | 4.31% | ||
| Average Annualized Growth Rate | -0.26% | ||
| Value from 1 year ago | 4.23% | ||
| Change from 1 year ago | -0.71% | ||
| Frequency | Quarterly | ||
| Unit | % | ||
| Download Source | NROU.txt |
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