Economists at the Congressional Budget Office estimated that for 2015, the U.S. natural rate of unemployment was about 4.9 percent.

Question

Economists at the Congressional Budget Office estimated that for 2015, the U.S. natural rate of unemployment was about 4.9 percent.​

Quizplus · Accepted Answer

The Congressional Budget Office (CBO) provides estimates of the natural rate of unemployment, which represents the level of unemployment consistent with sustainable economic activity. For 2015, the CBO estimated this rate to be around 4.9 percent, reflecting the unemployment rate at which the economy is considered to be at full employment without causing inflation to rise.

Economists at the Congressional Budget Office Estimated That for 2015