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Unemployment
Understanding Unemployment
Economics Textbooks Boundless Economics Unemployment Understanding Unemployment
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Concept Version 6
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Reasons for Unemployment

U.S. Unemployment Rate

U.S. Unemployment Rate

The short-term fluctuations in the graph are the result of cyclical unemployment that changes when economic activity is above or below its long-term potential. Over time, unemployment has returned to about 5%, which is the approximate natural rate of unemployment.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "US Unemployment 1890-2011."
    http://en.wikipedia.org/wiki/File:US_Unemployment_1890-2011.gif Wikipedia CC BY-SA.

Related Terms

  • structural unemployment
  • frictional unemployment
  • cyclical unemployment
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