A Natural Approach to Estimating the ‘Natural Rate’ of Unemployment

Michael Morris, Robert Rich and Joseph Tracy

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: The unemployment rate is a widely viewed gauge of U.S. labor market slack or tightness. Because of structural changes to the labor market over time, assessments about slack/tightness require a reference point called the “natural rate of unemployment.”

Keywords: Labor; Economic Conditions (search for similar items in EconPapers)
Date: 2019-10-08
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:89310

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