Recent labor markets developments, including mismatches in the skills of workers and jobs,
extended unemployment benefits, and very high rates of long-term joblessness, may be …

Many economists argue that, as the unemployment rate falls below a level identified as the
natural rate, inflation tends to increase. Until recently, the natural rate of unemployment was …

ELEVEN YEARS AGO, our Brookings Paper “Why Has the Natural Rate of Unemployment
Increased over Time?” analyzed long-term changes in joblessness among American men. 1 …

The unemployment rate is the composite of three distinct types of unemployment: frictional,
cyclical, and structural. This fact poses a potentially serious problem for government …

The article argues that the empirical estimates made by the natural rate of unemployment
are likely to reflect both real and monetary influences and will vary cyclically with the …

Unemployment is running near its 50-year low, but inflation has not picked up as expected.
This suggests that the unemployment rate consistent with stable inflation has fallen …

From a variety of perspectives, the macroeconomic performance of the US economy has
been very satisfactory in recent years. In particular, broad-based measures of inflation have …

The unemployment rate in the United States currently stands at 6.9 percent. That translates
to 8 million workers out of work. How should policymakers respond? In the past …

For 25 years, theory about the causes of, and possible solutions to, the problem of
unemployment has been dominated by Phelps' and Friedman's natural rate of …

An increase in US aggregate labor demand reflected in rising job vacancies has not been
accompanied by a similar decline in the unemployment rate. Some analysts maintain that …