Natural Rate of Unemployment, long-term : 4.214% (As of 2034-10-01)
Basic Info
Natural Rate of Unemployment, long-term was 4.214 as of 2034-10-01, according to Congressional Budget Office. Historically, Natural Rate of Unemployment, long-term reached a record high of 6.239 and a record low of 4.214, the median value is 5.361. Typical value range is from 4.26 to 4.38. 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 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 | 4.214% | ||
| Latest Period | 2034-10-01 | ||
| Long Term Average | 4.32% | ||
| Average Annualized Growth Rate | -0.26% | ||
| Value from 1 year ago | 4.237% | ||
| Change from 1 year ago | -0.54% | ||
| Frequency | Quarterly | ||
| Unit | % | ||
| Download Source | source link |
Related Indicators
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers