Displaying 2 series for unemployment.
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.
Monthly updates of the DHI Hiring Indicators have been discontinue by the source. The Vacancy to Short-Term Unemployment Ratio quantifies the number of vacancies available per number of short-term unemployed. Short-term unemployment is defined as the total number of individuals who have been unemployed for 26 weeks or less. Reproduced with permisson of DHI Group, Inc. and Dr. Steven J. Davis. Copyright, 2017 DHI Group, Inc. All rights reserved.
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