The combination of these factors brings about a long-term average around which the unemployment rate tends to fluctuate, called the natural rate of unemployment (NRU). The term “natural” does not mean ...

To minimize the influence of structural changes in the U.S. macroeconomy on our results, we use the deviation of the unemployment rate from the Congressional Budget Office’s measure of the natural ...

The combination of these factors brings about a long-term average around which the unemployment rate tends to fluctuate, called the natural rate of unemployment (NRU). The term “natural” does not mean ...