The combination of these factors brings about a long-term average around which the unemployment rate tends to fluctuate, called the natural rate of unemployment (NRU). The term “natural” does not mean ...

which is roughly consistent with the natural rate of unemployment—that is, the baseline level of joblessness that persists in a well-functioning economy due to frictional and structural factors.

The unemployment rate is an important indicator, but it is not the only one to watch. By itself, it doesn’t paint a full ...

The latest statement highlighted developing risks that could leave the Fed with difficult choices in coming months.

The combination of these factors brings about a long-term average around which the unemployment rate tends to fluctuate, called the natural rate of unemployment (NRU). The term “natural” does not mean ...