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Home > Categories > Population, Employment, & Labor Markets > Natural Rate of Unemployment (Short-Term) (NROUST)
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Real-Time Period
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Title
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Start
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End
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Natural Rate of Unemployment (Short-Term)
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2012-01-31
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Current |
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Source
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U.S. Congress: Congressional Budget Office
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2012-01-31
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Current |
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Release
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Budget and Economic Outlook
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2012-01-31
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Current |
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Units
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Percent
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2012-01-31
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Current |
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Frequency
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Quarterly
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2012-01-31
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Current |
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Seasonal Adjustment
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Not Seasonally Adjusted
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2012-01-31
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Current |
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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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Current |
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Related Categories
Population, Employment, & Labor Markets
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