NY Fed researchers develop new natural rate of unemployment measure

Long-term prospects are now front of mind for accountants

The natural rate of unemployment was roughly 3.9% at the end of 2018, based on a new measure developed by researchers at the Federal Reserve Bank of New York.

In a working paper, the researchers combine two traditional approaches to estimating the natural rate of unemployment. They use both data on labour market flows and a forward-looking Phillips curve.  

Their figure is around 60 basis points lower than the Congressional Budget Office’s estimation, and 50bp lower than the projection from

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account