NOTES
| Title | Release Dates | |
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| Natural Rate of Unemployment (Short-Term) | 2012-01-31 | 2021-01-31 |
| Natural Rate of Unemployment (Short-Term) (DISCONTINUED) | 2021-02-01 | 2021-02-01 |
| Source | ||
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| U.S. Congressional Budget Office | 2012-01-31 | 2021-02-01 |
| Release | ||
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| Budget and Economic Outlook | 2012-01-31 | 2021-02-01 |
| Units | ||
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| Percent | 2012-01-31 | 2021-02-01 |
| Frequency | ||
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| Quarterly | 2012-01-31 | 2021-02-01 |
| Seasonal Adjustment | ||
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| Not Seasonally Adjusted | 2012-01-31 | 2021-02-01 |
| 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 | 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. |
2021-02-01 | 2021-02-01 |
