NAIRU (Natural Rate of Unemployment) by Country
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 compare NAIRU (Natural Rate of Unemployment) across countries?
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 the country list
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.
Supported countries
Filter by country, currency, source, cadence, or unit.
| Country / Currency | Frequency | Unit | Source | History | Links |
|---|---|---|---|---|---|
|
United States
USD / US Dollar
|
Quarterly | % | CBO | History from 2000-03-31 (26.2 years) |