Economists consider the natural rate of unemployment to be around ________ percent.

Name: Economists consider the natural rate of unemployment to be around ________ percent.
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The natural rate of unemployment is defined as the rate at which there is no cyclical unemployment, meaning all unemployment is voluntary or structural. It is estimated that this rate is around 5 to 5.5 percent, which takes into account normal labor market turnover and frictional unemployment.

Economists Consider the Natural Rate of Unemployment to Be Around