Many economists believe that the natural unemployment rate in the United States is around 5%.

Question

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The natural rate of unemployment, often considered to be around 5% by many economists, represents the hypothetical unemployment rate at which the economy is at full employment, meaning that the number of people seeking jobs equals the number of jobs available, without causing inflation to rise. This rate includes frictional and structural unemployment but not cyclical unemployment.

Many Economists Believe That the Natural Unemployment Rate in the United