The natural unemployment rate in the US is at or below 5%, according to a group of economists at the Federal Reserve Bank of Chicago, suggesting there is still slack in the country's labour market.
In Chicago Fed Letter, published on May 8, Daniel Aaronson, Luojia Hu, Arian Seifoddini and Daniel Sullivan consider the impact of demographic and educational changes on unemployment trends.
The US has an ageing population, which, according to the report, is significant because unemployment rates
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