Title
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Release Dates
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Natural Rate of Unemployment (Short-Term)
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2012-01-31
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2021-01-31
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Natural Rate of Unemployment (Short-Term) (DISCONTINUED)
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2021-02-01
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2021-02-01
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Source
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U.S. Congressional Budget Office
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2012-01-31
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2021-02-01
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Release
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Budget and Economic Outlook
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2012-01-31
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2021-02-01
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Units
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Percent
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2012-01-31
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2021-02-01
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Frequency
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Quarterly
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2012-01-31
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2021-02-01
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Seasonal Adjustment
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Not Seasonally Adjusted
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2012-01-31
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2021-02-01
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Notes
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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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2012-01-31
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2021-01-31
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This series last appeared in the February, 2021 report: NROU (https://fred.stlouisfed.org/series/NROU)), formerly called "Natural Rate of Unemployment (Long-Term)."
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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2021-02-01
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2021-02-01
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