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Natural Rate of Unemployment (Short-Term) (DISCONTINUED) (NROUST)

Observations

Q4 2031: 4.27247
Updated: Feb 1, 2021 2:37 PM CST
Q4 2031:  4.27247  
Q3 2031:  4.27803  
Q2 2031:  4.28363  
Q1 2031:  4.28928  
Q4 2030:  4.29498  

Units:

Percent,
Not Seasonally Adjusted

Frequency:

Quarterly

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Notes

Title Release Dates
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    
U.S. Congressional Budget Office 2012-01-31 2021-02-01
 
Release    
Budget and Economic Outlook 2012-01-31 2021-02-01
 
Units    
Percent 2012-01-31 2021-02-01
 
Frequency    
Quarterly 2012-01-31 2021-02-01
 
Seasonal Adjustment    
Not Seasonally Adjusted 2012-01-31 2021-02-01
 
Notes    
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.

2012-01-31 2021-01-31
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

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Non-Accelerating Inflation Rate of Unemployment Congressional Budget Office Short-Term Projection Discontinued Unemployment Rate Quarterly Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America