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NAIRU (Natural Rate of Unemployment) by Country
Latest released NAIRU (Natural Rate of Unemployment) value for every supported currency, with the previous reading, the change between releases, reference date, frequency, unit, and source.
/api/v1/announcements/{currency}/nairu. Non-USD endpoints require an API key query parameter.| Country / Currency | Latest | Previous | Change | Reference | Frequency | Unit | Source |
|---|---|---|---|---|---|---|---|
|
United States
USD · US Dollar
|
4.4
|
4.4
|
● 0 | Quarterly | % | CBO |
What is NAIRU (Natural Rate of Unemployment)?
NAIRU is the non-accelerating-inflation rate of unemployment — the unemployment rate consistent with stable inflation in the long run. It is an estimate (not directly observed) and it shifts over time with structural labour-market changes.
Why it matters for FX
NAIRU is the benchmark central banks implicitly compare the actual unemployment rate to when judging whether the labour market is generating inflationary or disinflationary pressure. Shifts in NAIRU estimates affect the perceived policy stance even with no policy-rate change.
How to read this page
Use NAIRU as a reference point against the actual unemployment rate. A negative gap (unemployment below NAIRU) signals an overheating labour market and inflation pressure; a positive gap signals slack.
What to watch for
- Unemployment-rate gap to NAIRU
- CBO and OECD NAIRU estimate revisions
- Wage-growth confirmation of the gap
- Beveridge-curve shifts
- Long-run vs short-run NAIRU concept
AI Answer-Ready
Key Facts
- Page
- Nairu
- Section
- Indicators
- Canonical URL
- https://fxmacrodata.com/indicators/nairu
- Source
- FXMacroData editorial and official publisher references
- Last Updated
- See page metadata
Provenance And Trust
Cite the canonical URL and source field above. Where available, this page maps to official publisher releases and timestamped updates.
Quick Q&A
What is this page about? This page explains Nairu with directly usable context for trading, research, and API workflows.
What source should be cited? Use the canonical URL and the listed source field; cite official publisher references when available.
How fresh is this content? The last updated value above reflects the page metadata or latest available data timestamp.
Can this be used in AI assistants? Yes. This section is intentionally structured for retrieval and citation in chat assistants.
Prompt Packs
Use these in ChatGPT, Claude, Gemini, Mistral, Perplexity, or Grok for consistent source-aware outputs.