US growth and unemployment

US growth and unemployment: 5 lines from the US Rates, Growth and Inflation snapshot, Q1 1962 – Q3 2026. Latest Real, annual rate: 3.40% in Q3 2026 (verified), from Bureau of Economic Analysis via FRED.

2 charts · 5 lines · Quarterly and monthly · Q1 1962 – Q3 2026 · snapshot us-rates-94b9517e620b8db2 · published 1 Nov 2026

Real GDP growth at an annual rate and year over year, nominal GDP growth year over year, and the unemployment rate beside the Congressional Budget Office natural rate. Growth and unemployment are separate charts: they share a unit and answer different questions.

Real and nominal GDP growth

Lines

per cent

Q1 1962 Real, annual rate: 7.30% Real, year over year: 7.57% Nominal, year over year: 8.99%Q2 1962 Real, annual rate: 3.70% Real, year over year: 6.73% Nominal, year over year: 8.07%Q3 1962 Real, annual rate: 5.00% Real, year over year: 6.01% Nominal, year over year: 7.29%Q4 1962 Real, annual rate: 1.30% Real, year over year: 4.31% Nominal, year over year: 5.45%Q1 1963 Real, annual rate: 4.40% Real, year over year: 3.60% Nominal, year over year: 4.66%Q2 1963 Real, annual rate: 4.60% Real, year over year: 3.82% Nominal, year over year: 4.89%Q3 1963 Real, annual rate: 9.10% Real, year over year: 4.82% Nominal, year over year: 5.82%Q4 1963 Real, annual rate: 2.60% Real, year over year: 5.16% Nominal, year over year: 6.80%Q1 1964 Real, annual rate: 8.70% Real, year over year: 6.22% Nominal, year over year: 7.75%Q2 1964 Real, annual rate: 4.40% Real, year over year: 6.18% Nominal, year over year: 7.77%Q3 1964 Real, annual rate: 6.40% Real, year over year: 5.52% Nominal, year over year: 7.38%Q4 1964 Real, annual rate: 1.20% Real, year over year: 5.16% Nominal, year over year: 6.63%Q1 1965 Real, annual rate: 10.00% Real, year over year: 5.48% Nominal, year over year: 7.16%Q2 1965 Real, annual rate: 5.20% Real, year over year: 5.66% Nominal, year over year: 7.59%Q3 1965 Real, annual rate: 9.20% Real, year over year: 6.35% Nominal, year over year: 8.28%Q4 1965 Real, annual rate: 9.50% Real, year over year: 8.46% Nominal, year over year: 10.69%Q1 1966 Real, annual rate: 10.10% Real, year over year: 8.48% Nominal, year over year: 10.86%Q2 1966 Real, annual rate: 1.40% Real, year over year: 7.49% Nominal, year over year: 10.24%Q3 1966 Real, annual rate: 3.40% Real, year over year: 6.04% Nominal, year over year: 9.38%Q4 1966 Real, annual rate: 3.30% Real, year over year: 4.50% Nominal, year over year: 7.96%Q1 1967 Real, annual rate: 3.60% Real, year over year: 2.93% Nominal, year over year: 6.09%Q2 1967 Real, annual rate: 0.20% Real, year over year: 2.64% Nominal, year over year: 5.47%Q3 1967 Real, annual rate: 3.80% Real, year over year: 2.74% Nominal, year over year: 5.56%Q4 1967 Real, annual rate: 3.10% Real, year over year: 2.67% Nominal, year over year: 5.78%Q1 1968 Real, annual rate: 8.40% Real, year over year: 3.84% Nominal, year over year: 7.73%Q2 1968 Real, annual rate: 6.90% Real, year over year: 5.51% Nominal, year over year: 10.05%Q3 1968 Real, annual rate: 3.10% Real, year over year: 5.34% Nominal, year over year: 9.89%Q4 1968 Real, annual rate: 1.60% Real, year over year: 4.96% Nominal, year over year: 9.82%Q1 1969 Real, annual rate: 6.40% Real, year over year: 4.47% Nominal, year over year: 9.23%Q2 1969 Real, annual rate: 1.20% Real, year over year: 3.06% Nominal, year over year: 7.99%Q3 1969 Real, annual rate: 2.70% Real, year over year: 2.95% Nominal, year over year: 8.32%Q4 1969 Real, annual rate: −1.90% Real, year over year: 2.04% Nominal, year over year: 7.24%Q1 1970 Real, annual rate: −0.60% Real, year over year: 0.32% Nominal, year over year: 5.83%Q2 1970 Real, annual rate: 0.60% Real, year over year: 0.16% Nominal, year over year: 5.78%Q3 1970 Real, annual rate: 3.70% Real, year over year: 0.42% Nominal, year over year: 5.45%Q4 1970 Real, annual rate: −4.20% Real, year over year: −0.17% Nominal, year over year: 4.86%Q1 1971 Real, annual rate: 11.30% Real, year over year: 2.70% Nominal, year over year: 7.99%Q2 1971 Real, annual rate: 2.20% Real, year over year: 3.11% Nominal, year over year: 8.33%Q3 1971 Real, annual rate: 3.30% Real, year over year: 3.01% Nominal, year over year: 8.44%Q4 1971 Real, annual rate: 0.90% Real, year over year: 4.37% Nominal, year over year: 9.34%Q1 1972 Real, annual rate: 7.60% Real, year over year: 3.47% Nominal, year over year: 8.41%Q2 1972 Real, annual rate: 9.40% Real, year over year: 5.25% Nominal, year over year: 9.52%Q3 1972 Real, annual rate: 3.80% Real, year over year: 5.38% Nominal, year over year: 9.59%Q4 1972 Real, annual rate: 6.90% Real, year over year: 6.89% Nominal, year over year: 11.64%Q1 1973 Real, annual rate: 10.30% Real, year over year: 7.56% Nominal, year over year: 11.94%Q2 1973 Real, annual rate: 4.40% Real, year over year: 6.32% Nominal, year over year: 11.65%Q3 1973 Real, annual rate: −2.10% Real, year over year: 4.77% Nominal, year over year: 11.10%Q4 1973 Real, annual rate: 3.90% Real, year over year: 4.02% Nominal, year over year: 11.09%Q1 1974 Real, annual rate: −3.40% Real, year over year: 0.64% Nominal, year over year: 8.26%Q2 1974 Real, annual rate: 1.00% Real, year over year: −0.21% Nominal, year over year: 8.22%Q3 1974 Real, annual rate: −3.70% Real, year over year: −0.63% Nominal, year over year: 8.80%Q4 1974 Real, annual rate: −1.50% Real, year over year: −1.95% Nominal, year over year: 8.36%Q1 1975 Real, annual rate: −4.80% Real, year over year: −2.30% Nominal, year over year: 8.38%Q2 1975 Real, annual rate: 2.90% Real, year over year: −1.83% Nominal, year over year: 7.96%Q3 1975 Real, annual rate: 7.00% Real, year over year: 0.80% Nominal, year over year: 9.60%Q4 1975 Real, annual rate: 5.50% Real, year over year: 2.55% Nominal, year over year: 10.14%Q1 1976 Real, annual rate: 9.30% Real, year over year: 6.15% Nominal, year over year: 12.65%Q2 1976 Real, annual rate: 3.00% Real, year over year: 6.17% Nominal, year over year: 12.14%Q3 1976 Real, annual rate: 2.20% Real, year over year: 4.96% Nominal, year over year: 10.34%Q4 1976 Real, annual rate: 2.90% Real, year over year: 4.31% Nominal, year over year: 9.79%Q1 1977 Real, annual rate: 4.80% Real, year over year: 3.23% Nominal, year over year: 9.24%Q2 1977 Real, annual rate: 8.00% Real, year over year: 4.47% Nominal, year over year: 10.99%Q3 1977 Real, annual rate: 7.40% Real, year over year: 5.77% Nominal, year over year: 12.29%Q4 1977 Real, annual rate: 0.00% Real, year over year: 5.01% Nominal, year over year: 11.89%Q1 1978 Real, annual rate: 1.30% Real, year over year: 4.11% Nominal, year over year: 10.77%Q2 1978 Real, annual rate: 16.40% Real, year over year: 6.08% Nominal, year over year: 13.41%Q3 1978 Real, annual rate: 4.10% Real, year over year: 5.25% Nominal, year over year: 13.06%Q4 1978 Real, annual rate: 5.50% Real, year over year: 6.66% Nominal, year over year: 14.45%Q1 1979 Real, annual rate: 0.70% Real, year over year: 6.51% Nominal, year over year: 14.70%Q2 1979 Real, annual rate: 0.40% Real, year over year: 2.66% Nominal, year over year: 11.13%Q3 1979 Real, annual rate: 3.00% Real, year over year: 2.39% Nominal, year over year: 11.38%Q4 1979 Real, annual rate: 1.00% Real, year over year: 1.28% Nominal, year over year: 9.97%Q1 1980 Real, annual rate: 1.30% Real, year over year: 1.42% Nominal, year over year: 10.42%Q2 1980 Real, annual rate: −8.00% Real, year over year: −0.78% Nominal, year over year: 7.95%Q3 1980 Real, annual rate: −0.50% Real, year over year: −1.62% Nominal, year over year: 7.08%Q4 1980 Real, annual rate: 7.70% Real, year over year: −0.04% Nominal, year over year: 9.61%Q1 1981 Real, annual rate: 8.10% Real, year over year: 1.60% Nominal, year over year: 11.99%Q2 1981 Real, annual rate: −2.90% Real, year over year: 2.97% Nominal, year over year: 13.05%Q3 1981 Real, annual rate: 4.90% Real, year over year: 4.33% Nominal, year over year: 14.15%Q4 1981 Real, annual rate: −4.30% Real, year over year: 1.30% Nominal, year over year: 9.89%Q1 1982 Real, annual rate: −6.10% Real, year over year: −2.19% Nominal, year over year: 4.80%Q2 1982 Real, annual rate: 1.80% Real, year over year: −1.01% Nominal, year over year: 5.36%Q3 1982 Real, annual rate: −1.50% Real, year over year: −2.56% Nominal, year over year: 3.24%Q4 1982 Real, annual rate: 0.20% Real, year over year: −1.44% Nominal, year over year: 3.71%Q1 1983 Real, annual rate: 5.40% Real, year over year: 1.43% Nominal, year over year: 6.08%Q2 1983 Real, annual rate: 9.40% Real, year over year: 3.27% Nominal, year over year: 7.41%Q3 1983 Real, annual rate: 8.20% Real, year over year: 5.74% Nominal, year over year: 9.59%Q4 1983 Real, annual rate: 8.60% Real, year over year: 7.90% Nominal, year over year: 11.52%Q1 1984 Real, annual rate: 8.10% Real, year over year: 8.58% Nominal, year over year: 12.51%Q2 1984 Real, annual rate: 7.10% Real, year over year: 8.00% Nominal, year over year: 12.04%Q3 1984 Real, annual rate: 3.90% Real, year over year: 6.90% Nominal, year over year: 10.71%Q4 1984 Real, annual rate: 3.30% Real, year over year: 5.58% Nominal, year over year: 9.32%Q1 1985 Real, annual rate: 3.90% Real, year over year: 4.55% Nominal, year over year: 8.24%Q2 1985 Real, annual rate: 3.60% Real, year over year: 3.68% Nominal, year over year: 7.12%Q3 1985 Real, annual rate: 6.30% Real, year over year: 4.26% Nominal, year over year: 7.41%Q4 1985 Real, annual rate: 3.00% Real, year over year: 4.18% Nominal, year over year: 7.12%Q1 1986 Real, annual rate: 3.80% Real, year over year: 4.15% Nominal, year over year: 6.57%Q2 1986 Real, annual rate: 1.80% Real, year over year: 3.70% Nominal, year over year: 5.83%Q3 1986 Real, annual rate: 3.90% Real, year over year: 3.12% Nominal, year over year: 5.04%Q4 1986 Real, annual rate: 2.20% Real, year over year: 2.91% Nominal, year over year: 4.80%Q1 1987 Real, annual rate: 3.00% Real, year over year: 2.71% Nominal, year over year: 4.75%Q2 1987 Real, annual rate: 4.40% Real, year over year: 3.35% Nominal, year over year: 5.74%Q3 1987 Real, annual rate: 3.50% Real, year over year: 3.26% Nominal, year over year: 6.01%Q4 1987 Real, annual rate: 7.00% Real, year over year: 4.47% Nominal, year over year: 7.52%Q1 1988 Real, annual rate: 2.10% Real, year over year: 4.24% Nominal, year over year: 7.44%Q2 1988 Real, annual rate: 5.40% Real, year over year: 4.48% Nominal, year over year: 7.99%Q3 1988 Real, annual rate: 2.40% Real, year over year: 4.19% Nominal, year over year: 8.15%Q4 1988 Real, annual rate: 5.40% Real, year over year: 3.80% Nominal, year over year: 7.82%Q1 1989 Real, annual rate: 4.10% Real, year over year: 4.32% Nominal, year over year: 8.63%Q2 1989 Real, annual rate: 3.10% Real, year over year: 3.75% Nominal, year over year: 8.14%Q3 1989 Real, annual rate: 3.00% Real, year over year: 3.91% Nominal, year over year: 7.81%Q4 1989 Real, annual rate: 0.80% Real, year over year: 2.74% Nominal, year over year: 6.44%Q1 1990 Real, annual rate: 4.40% Real, year over year: 2.82% Nominal, year over year: 6.56%Q2 1990 Real, annual rate: 1.50% Real, year over year: 2.41% Nominal, year over year: 6.19%Q3 1990 Real, annual rate: 0.30% Real, year over year: 1.73% Nominal, year over year: 5.61%Q4 1990 Real, annual rate: −3.60% Real, year over year: 0.60% Nominal, year over year: 4.48%Q1 1991 Real, annual rate: −1.90% Real, year over year: −0.95% Nominal, year over year: 2.77%Q2 1991 Real, annual rate: 3.20% Real, year over year: −0.54% Nominal, year over year: 2.80%Q3 1991 Real, annual rate: 2.00% Real, year over year: −0.10% Nominal, year over year: 3.17%Q4 1991 Real, annual rate: 1.40% Real, year over year: 1.17% Nominal, year over year: 4.33%Q1 1992 Real, annual rate: 4.90% Real, year over year: 2.86% Nominal, year over year: 5.43%Q2 1992 Real, annual rate: 4.40% Real, year over year: 3.17% Nominal, year over year: 5.61%Q3 1992 Real, annual rate: 4.00% Real, year over year: 3.67% Nominal, year over year: 5.81%Q4 1992 Real, annual rate: 4.20% Real, year over year: 4.38% Nominal, year over year: 6.64%Q1 1993 Real, annual rate: 0.70% Real, year over year: 3.32% Nominal, year over year: 5.76%Q2 1993 Real, annual rate: 2.30% Real, year over year: 2.81% Nominal, year over year: 5.23%Q3 1993 Real, annual rate: 1.90% Real, year over year: 2.29% Nominal, year over year: 4.80%Q4 1993 Real, annual rate: 5.60% Real, year over year: 2.61% Nominal, year over year: 4.98%Q1 1994 Real, annual rate: 3.90% Real, year over year: 3.43% Nominal, year over year: 5.74%Q2 1994 Real, annual rate: 5.50% Real, year over year: 4.23% Nominal, year over year: 6.43%Q3 1994 Real, annual rate: 2.40% Real, year over year: 4.34% Nominal, year over year: 6.52%Q4 1994 Real, annual rate: 4.70% Real, year over year: 4.12% Nominal, year over year: 6.30%Q1 1995 Real, annual rate: 1.40% Real, year over year: 3.48% Nominal, year over year: 5.71%Q2 1995 Real, annual rate: 1.20% Real, year over year: 2.40% Nominal, year over year: 4.61%Q3 1995 Real, annual rate: 3.50% Real, year over year: 2.67% Nominal, year over year: 4.80%Q4 1995 Real, annual rate: 2.70% Real, year over year: 2.20% Nominal, year over year: 4.26%Q1 1996 Real, annual rate: 3.00% Real, year over year: 2.60% Nominal, year over year: 4.60%Q2 1996 Real, annual rate: 6.80% Real, year over year: 4.00% Nominal, year over year: 5.96%Q3 1996 Real, annual rate: 3.60% Real, year over year: 4.05% Nominal, year over year: 5.83%Q4 1996 Real, annual rate: 4.20% Real, year over year: 4.42% Nominal, year over year: 6.27%Q1 1997 Real, annual rate: 2.60% Real, year over year: 4.31% Nominal, year over year: 6.28%Q2 1997 Real, annual rate: 6.80% Real, year over year: 4.31% Nominal, year over year: 6.05%Q3 1997 Real, annual rate: 5.10% Real, year over year: 4.67% Nominal, year over year: 6.54%Q4 1997 Real, annual rate: 3.50% Real, year over year: 4.48% Nominal, year over year: 6.13%Q1 1998 Real, annual rate: 4.10% Real, year over year: 4.86% Nominal, year over year: 6.02%Q2 1998 Real, annual rate: 3.80% Real, year over year: 4.09% Nominal, year over year: 5.29%Q3 1998 Real, annual rate: 5.10% Real, year over year: 4.10% Nominal, year over year: 5.29%Q4 1998 Real, annual rate: 6.60% Real, year over year: 4.88% Nominal, year over year: 6.02%Q1 1999 Real, annual rate: 3.80% Real, year over year: 4.82% Nominal, year over year: 6.15%Q2 1999 Real, annual rate: 3.40% Real, year over year: 4.72% Nominal, year over year: 6.20%Q3 1999 Real, annual rate: 5.40% Real, year over year: 4.79% Nominal, year over year: 6.20%Q4 1999 Real, annual rate: 6.70% Real, year over year: 4.82% Nominal, year over year: 6.52%Q1 2000 Real, annual rate: 1.50% Real, year over year: 4.22% Nominal, year over year: 6.27%Q2 2000 Real, annual rate: 7.50% Real, year over year: 5.24% Nominal, year over year: 7.57%Q3 2000 Real, annual rate: 0.40% Real, year over year: 3.97% Nominal, year over year: 6.52%Q4 2000 Real, annual rate: 2.40% Real, year over year: 2.91% Nominal, year over year: 5.41%Q1 2001 Real, annual rate: −1.30% Real, year over year: 2.20% Nominal, year over year: 4.68%Q2 2001 Real, annual rate: 2.50% Real, year over year: 1.00% Nominal, year over year: 3.43%Q3 2001 Real, annual rate: −1.60% Real, year over year: 0.49% Nominal, year over year: 2.71%Q4 2001 Real, annual rate: 1.10% Real, year over year: 0.17% Nominal, year over year: 2.15%Q1 2002 Real, annual rate: 3.40% Real, year over year: 1.34% Nominal, year over year: 2.99%Q2 2002 Real, annual rate: 2.50% Real, year over year: 1.33% Nominal, year over year: 2.72%Q3 2002 Real, annual rate: 1.60% Real, year over year: 2.15% Nominal, year over year: 3.64%Q4 2002 Real, annual rate: 0.50% Real, year over year: 1.99% Nominal, year over year: 3.76%Q1 2003 Real, annual rate: 2.10% Real, year over year: 1.68% Nominal, year over year: 3.62%Q2 2003 Real, annual rate: 3.60% Real, year over year: 1.96% Nominal, year over year: 3.91%Q3 2003 Real, annual rate: 6.80% Real, year over year: 3.23% Nominal, year over year: 5.30%Q4 2003 Real, annual rate: 4.70% Real, year over year: 4.30% Nominal, year over year: 6.43%Q1 2004 Real, annual rate: 2.30% Real, year over year: 4.34% Nominal, year over year: 6.71%Q2 2004 Real, annual rate: 3.10% Real, year over year: 4.23% Nominal, year over year: 7.07%Q3 2004 Real, annual rate: 3.80% Real, year over year: 3.49% Nominal, year over year: 6.39%Q4 2004 Real, annual rate: 4.10% Real, year over year: 3.35% Nominal, year over year: 6.41%Q1 2005 Real, annual rate: 4.50% Real, year over year: 3.91% Nominal, year over year: 7.08%Q2 2005 Real, annual rate: 2.00% Real, year over year: 3.62% Nominal, year over year: 6.69%Q3 2005 Real, annual rate: 3.20% Real, year over year: 3.45% Nominal, year over year: 6.80%Q4 2005 Real, annual rate: 2.20% Real, year over year: 2.97% Nominal, year over year: 6.36%Q1 2006 Real, annual rate: 5.50% Real, year over year: 3.21% Nominal, year over year: 6.52%Q2 2006 Real, annual rate: 1.00% Real, year over year: 2.97% Nominal, year over year: 6.43%Q3 2006 Real, annual rate: 0.60% Real, year over year: 2.33% Nominal, year over year: 5.54%Q4 2006 Real, annual rate: 3.50% Real, year over year: 2.63% Nominal, year over year: 5.37%Q1 2007 Real, annual rate: 1.20% Real, year over year: 1.58% Nominal, year over year: 4.53%Q2 2007 Real, annual rate: 2.50% Real, year over year: 1.93% Nominal, year over year: 4.72%Q3 2007 Real, annual rate: 2.30% Real, year over year: 2.37% Nominal, year over year: 5.00%Q4 2007 Real, annual rate: 2.50% Real, year over year: 2.13% Nominal, year over year: 4.81%Q1 2008 Real, annual rate: −1.70% Real, year over year: 1.39% Nominal, year over year: 3.45%Q2 2008 Real, annual rate: 2.40% Real, year over year: 1.38% Nominal, year over year: 3.22%Q3 2008 Real, annual rate: −2.10% Real, year over year: 0.27% Nominal, year over year: 2.30%Q4 2008 Real, annual rate: −8.50% Real, year over year: −2.54% Nominal, year over year: −0.73%Q1 2009 Real, annual rate: −4.50% Real, year over year: −3.23% Nominal, year over year: −1.87%Q2 2009 Real, annual rate: −0.70% Real, year over year: −3.98% Nominal, year over year: −3.26%Q3 2009 Real, annual rate: 1.40% Real, year over year: −3.13% Nominal, year over year: −3.02%Q4 2009 Real, annual rate: 4.40% Real, year over year: 0.11% Nominal, year over year: 0.29%Q1 2010 Real, annual rate: 1.90% Real, year over year: 1.75% Nominal, year over year: 2.31%Q2 2010 Real, annual rate: 3.90% Real, year over year: 2.91% Nominal, year over year: 4.16%Q3 2010 Real, annual rate: 3.10% Real, year over year: 3.34% Nominal, year over year: 4.79%Q4 2010 Real, annual rate: 2.10% Real, year over year: 2.78% Nominal, year over year: 4.49%Q1 2011 Real, annual rate: −0.90% Real, year over year: 2.04% Nominal, year over year: 3.97%Q2 2011 Real, annual rate: 2.70% Real, year over year: 1.74% Nominal, year over year: 3.85%Q3 2011 Real, annual rate: −0.10% Real, year over year: 0.94% Nominal, year over year: 3.34%Q4 2011 Real, annual rate: 4.60% Real, year over year: 1.54% Nominal, year over year: 3.48%Q1 2012 Real, annual rate: 3.40% Real, year over year: 2.64% Nominal, year over year: 4.67%Q2 2012 Real, annual rate: 1.80% Real, year over year: 2.40% Nominal, year over year: 4.18%Q3 2012 Real, annual rate: 0.60% Real, year over year: 2.57% Nominal, year over year: 4.29%Q4 2012 Real, annual rate: 0.50% Real, year over year: 1.55% Nominal, year over year: 3.65%Q1 2013 Real, annual rate: 4.00% Real, year over year: 1.70% Nominal, year over year: 3.61%Q2 2013 Real, annual rate: 1.10% Real, year over year: 1.52% Nominal, year over year: 3.22%Q3 2013 Real, annual rate: 3.50% Real, year over year: 2.24% Nominal, year over year: 3.89%Q4 2013 Real, annual rate: 3.50% Real, year over year: 3.01% Nominal, year over year: 4.70%Q1 2014 Real, annual rate: −1.40% Real, year over year: 1.65% Nominal, year over year: 3.30%Q2 2014 Real, annual rate: 5.30% Real, year over year: 2.69% Nominal, year over year: 4.72%Q3 2014 Real, annual rate: 5.00% Real, year over year: 3.06% Nominal, year over year: 5.02%Q4 2014 Real, annual rate: 2.00% Real, year over year: 2.69% Nominal, year over year: 4.19%Q1 2015 Real, annual rate: 3.60% Real, year over year: 3.97% Nominal, year over year: 5.03%Q2 2015 Real, annual rate: 2.50% Real, year over year: 3.28% Nominal, year over year: 4.35%Q3 2015 Real, annual rate: 1.60% Real, year over year: 2.45% Nominal, year over year: 3.36%Q4 2015 Real, annual rate: 0.70% Real, year over year: 2.12% Nominal, year over year: 2.92%Q1 2016 Real, annual rate: 2.30% Real, year over year: 1.80% Nominal, year over year: 2.56%Q2 2016 Real, annual rate: 1.30% Real, year over year: 1.49% Nominal, year over year: 2.36%Q3 2016 Real, annual rate: 2.90% Real, year over year: 1.81% Nominal, year over year: 2.67%Q4 2016 Real, annual rate: 2.20% Real, year over year: 2.18% Nominal, year over year: 3.55%Q1 2017 Real, annual rate: 2.00% Real, year over year: 2.09% Nominal, year over year: 4.07%Q2 2017 Real, annual rate: 2.30% Real, year over year: 2.33% Nominal, year over year: 3.88%Q3 2017 Real, annual rate: 3.20% Real, year over year: 2.41% Nominal, year over year: 4.23%Q4 2017 Real, annual rate: 4.60% Real, year over year: 2.99% Nominal, year over year: 4.96%Q1 2018 Real, annual rate: 3.30% Real, year over year: 3.33% Nominal, year over year: 5.44%Q2 2018 Real, annual rate: 2.10% Real, year over year: 3.30% Nominal, year over year: 5.88%Q3 2018 Real, annual rate: 2.50% Real, year over year: 3.13% Nominal, year over year: 5.62%Q4 2018 Real, annual rate: 0.60% Real, year over year: 2.13% Nominal, year over year: 4.40%Q1 2019 Real, annual rate: 2.50% Real, year over year: 1.93% Nominal, year over year: 3.85%Q2 2019 Real, annual rate: 3.40% Real, year over year: 2.24% Nominal, year over year: 3.97%Q3 2019 Real, annual rate: 4.80% Real, year over year: 2.80% Nominal, year over year: 4.42%Q4 2019 Real, annual rate: 2.80% Real, year over year: 3.35% Nominal, year over year: 4.85%Q1 2020 Real, annual rate: −5.20% Real, year over year: 1.36% Nominal, year over year: 3.03%Q2 2020 Real, annual rate: −28.00% Real, year over year: −7.40% Nominal, year over year: −6.73%Q3 2020 Real, annual rate: 34.90% Real, year over year: −1.36% Nominal, year over year: −0.06%Q4 2020 Real, annual rate: 4.60% Real, year over year: −0.92% Nominal, year over year: 0.70%Q1 2021 Real, annual rate: 6.20% Real, year over year: 1.92% Nominal, year over year: 4.38%Q2 2021 Real, annual rate: 7.10% Real, year over year: 12.56% Nominal, year over year: 17.53%Q3 2021 Real, annual rate: 3.20% Real, year over year: 5.27% Nominal, year over year: 10.57%Q4 2021 Real, annual rate: 6.80% Real, year over year: 5.82% Nominal, year over year: 12.39%Q1 2022 Real, annual rate: −1.00% Real, year over year: 3.98% Nominal, year over year: 11.25%Q2 2022 Real, annual rate: 0.60% Real, year over year: 2.34% Nominal, year over year: 10.29%Q3 2022 Real, annual rate: 2.70% Real, year over year: 2.23% Nominal, year over year: 9.74%Q4 2022 Real, annual rate: 2.70% Real, year over year: 1.23% Nominal, year over year: 7.86%Q1 2023 Real, annual rate: 3.40% Real, year over year: 2.33% Nominal, year over year: 7.84%Q2 2023 Real, annual rate: 2.20% Real, year over year: 2.74% Nominal, year over year: 6.43%Q3 2023 Real, annual rate: 4.50% Real, year over year: 3.18% Nominal, year over year: 6.56%Q4 2023 Real, annual rate: 3.60% Real, year over year: 3.42% Nominal, year over year: 6.31%Q1 2024 Real, annual rate: 1.40% Real, year over year: 2.93% Nominal, year over year: 5.70%Q2 2024 Real, annual rate: 3.60% Real, year over year: 3.29% Nominal, year over year: 6.17%Q3 2024 Real, annual rate: 3.20% Real, year over year: 2.95% Nominal, year over year: 5.36%Q4 2024 Real, annual rate: 2.40% Real, year over year: 2.64% Nominal, year over year: 5.15%Q1 2025 Real, annual rate: 0.10% Real, year over year: 2.31% Nominal, year over year: 4.79%Q2 2025 Real, annual rate: 4.00% Real, year over year: 2.42% Nominal, year over year: 4.78%Q3 2025 Real, annual rate: 3.90% Real, year over year: 2.60% Nominal, year over year: 5.45%Q4 2025 Real, annual rate: 0.20% Real, year over year: 2.05% Nominal, year over year: 5.12%Q1 2026 Real, annual rate: 2.50% Real, year over year: 2.64% Nominal, year over year: 5.75%Q2 2026 Real, annual rate: 2.20% Real, year over year: 2.19% Nominal, year over year: 6.31%Q3 2026 Real, annual rate: 3.40% Real, year over year: 2.07% Nominal, year over year: 5.87%

Unemployment and the natural rate

Includes estimates
Lines

per cent

Jan 1962 Unemployment rate: 5.80% CBO natural rate: not publishedFeb 1962 Unemployment rate: 5.50% CBO natural rate: not publishedMar 1962 Unemployment rate: 5.60% CBO natural rate: 5.51%Apr 1962 Unemployment rate: 5.60% CBO natural rate: not publishedMay 1962 Unemployment rate: 5.50% CBO natural rate: not publishedJun 1962 Unemployment rate: 5.50% CBO natural rate: 5.52%Jul 1962 Unemployment rate: 5.40% CBO natural rate: not publishedAug 1962 Unemployment rate: 5.70% CBO natural rate: not publishedSep 1962 Unemployment rate: 5.60% CBO natural rate: 5.53%Oct 1962 Unemployment rate: 5.40% CBO natural rate: not publishedNov 1962 Unemployment rate: 5.70% CBO natural rate: not publishedDec 1962 Unemployment rate: 5.50% CBO natural rate: 5.54%Jan 1963 Unemployment rate: 5.70% CBO natural rate: not publishedFeb 1963 Unemployment rate: 5.90% CBO natural rate: not publishedMar 1963 Unemployment rate: 5.70% CBO natural rate: 5.55%Apr 1963 Unemployment rate: 5.70% CBO natural rate: not publishedMay 1963 Unemployment rate: 5.90% CBO natural rate: not publishedJun 1963 Unemployment rate: 5.60% CBO natural rate: 5.56%Jul 1963 Unemployment rate: 5.60% CBO natural rate: not publishedAug 1963 Unemployment rate: 5.40% CBO natural rate: not publishedSep 1963 Unemployment rate: 5.50% CBO natural rate: 5.57%Oct 1963 Unemployment rate: 5.50% CBO natural rate: not publishedNov 1963 Unemployment rate: 5.70% CBO natural rate: not publishedDec 1963 Unemployment rate: 5.50% CBO natural rate: 5.58%Jan 1964 Unemployment rate: 5.60% CBO natural rate: not publishedFeb 1964 Unemployment rate: 5.40% CBO natural rate: not publishedMar 1964 Unemployment rate: 5.40% CBO natural rate: 5.60%Apr 1964 Unemployment rate: 5.30% CBO natural rate: not publishedMay 1964 Unemployment rate: 5.10% CBO natural rate: not publishedJun 1964 Unemployment rate: 5.20% CBO natural rate: 5.61%Jul 1964 Unemployment rate: 4.90% CBO natural rate: not publishedAug 1964 Unemployment rate: 5.00% CBO natural rate: not publishedSep 1964 Unemployment rate: 5.10% CBO natural rate: 5.62%Oct 1964 Unemployment rate: 5.10% CBO natural rate: not publishedNov 1964 Unemployment rate: 4.80% CBO natural rate: not publishedDec 1964 Unemployment rate: 5.00% CBO natural rate: 5.63%Jan 1965 Unemployment rate: 4.90% CBO natural rate: not publishedFeb 1965 Unemployment rate: 5.10% CBO natural rate: not publishedMar 1965 Unemployment rate: 4.70% CBO natural rate: 5.65%Apr 1965 Unemployment rate: 4.80% CBO natural rate: not publishedMay 1965 Unemployment rate: 4.60% CBO natural rate: not publishedJun 1965 Unemployment rate: 4.60% CBO natural rate: 5.66%Jul 1965 Unemployment rate: 4.40% CBO natural rate: not publishedAug 1965 Unemployment rate: 4.40% CBO natural rate: not publishedSep 1965 Unemployment rate: 4.30% CBO natural rate: 5.67%Oct 1965 Unemployment rate: 4.20% CBO natural rate: not publishedNov 1965 Unemployment rate: 4.10% CBO natural rate: not publishedDec 1965 Unemployment rate: 4.00% CBO natural rate: 5.69%Jan 1966 Unemployment rate: 4.00% CBO natural rate: not publishedFeb 1966 Unemployment rate: 3.80% CBO natural rate: not publishedMar 1966 Unemployment rate: 3.80% CBO natural rate: 5.70%Apr 1966 Unemployment rate: 3.80% CBO natural rate: not publishedMay 1966 Unemployment rate: 3.90% CBO natural rate: not publishedJun 1966 Unemployment rate: 3.80% CBO natural rate: 5.71%Jul 1966 Unemployment rate: 3.80% CBO natural rate: not publishedAug 1966 Unemployment rate: 3.80% CBO natural rate: not publishedSep 1966 Unemployment rate: 3.70% CBO natural rate: 5.72%Oct 1966 Unemployment rate: 3.70% CBO natural rate: not publishedNov 1966 Unemployment rate: 3.60% CBO natural rate: not publishedDec 1966 Unemployment rate: 3.80% CBO natural rate: 5.73%Jan 1967 Unemployment rate: 3.90% CBO natural rate: not publishedFeb 1967 Unemployment rate: 3.80% CBO natural rate: not publishedMar 1967 Unemployment rate: 3.80% CBO natural rate: 5.75%Apr 1967 Unemployment rate: 3.80% CBO natural rate: not publishedMay 1967 Unemployment rate: 3.80% CBO natural rate: not publishedJun 1967 Unemployment rate: 3.90% CBO natural rate: 5.76%Jul 1967 Unemployment rate: 3.80% CBO natural rate: not publishedAug 1967 Unemployment rate: 3.80% CBO natural rate: not publishedSep 1967 Unemployment rate: 3.80% CBO natural rate: 5.77%Oct 1967 Unemployment rate: 4.00% CBO natural rate: not publishedNov 1967 Unemployment rate: 3.90% CBO natural rate: not publishedDec 1967 Unemployment rate: 3.80% CBO natural rate: 5.78%Jan 1968 Unemployment rate: 3.70% CBO natural rate: not publishedFeb 1968 Unemployment rate: 3.80% CBO natural rate: not publishedMar 1968 Unemployment rate: 3.70% CBO natural rate: 5.79%Apr 1968 Unemployment rate: 3.50% CBO natural rate: not publishedMay 1968 Unemployment rate: 3.50% CBO natural rate: not publishedJun 1968 Unemployment rate: 3.70% CBO natural rate: 5.80%Jul 1968 Unemployment rate: 3.70% CBO natural rate: not publishedAug 1968 Unemployment rate: 3.50% CBO natural rate: not publishedSep 1968 Unemployment rate: 3.40% CBO natural rate: 5.82%Oct 1968 Unemployment rate: 3.40% CBO natural rate: not publishedNov 1968 Unemployment rate: 3.40% CBO natural rate: not publishedDec 1968 Unemployment rate: 3.40% CBO natural rate: 5.83%Jan 1969 Unemployment rate: 3.40% CBO natural rate: not publishedFeb 1969 Unemployment rate: 3.40% CBO natural rate: not publishedMar 1969 Unemployment rate: 3.40% CBO natural rate: 5.84%Apr 1969 Unemployment rate: 3.40% CBO natural rate: not publishedMay 1969 Unemployment rate: 3.40% CBO natural rate: not publishedJun 1969 Unemployment rate: 3.50% CBO natural rate: 5.85%Jul 1969 Unemployment rate: 3.50% CBO natural rate: not publishedAug 1969 Unemployment rate: 3.50% CBO natural rate: not publishedSep 1969 Unemployment rate: 3.70% CBO natural rate: 5.86%Oct 1969 Unemployment rate: 3.70% CBO natural rate: not publishedNov 1969 Unemployment rate: 3.50% CBO natural rate: not publishedDec 1969 Unemployment rate: 3.50% CBO natural rate: 5.88%Jan 1970 Unemployment rate: 3.90% CBO natural rate: not publishedFeb 1970 Unemployment rate: 4.20% CBO natural rate: not publishedMar 1970 Unemployment rate: 4.40% CBO natural rate: 5.89%Apr 1970 Unemployment rate: 4.60% CBO natural rate: not publishedMay 1970 Unemployment rate: 4.80% CBO natural rate: not publishedJun 1970 Unemployment rate: 4.90% CBO natural rate: 5.90%Jul 1970 Unemployment rate: 5.00% CBO natural rate: not publishedAug 1970 Unemployment rate: 5.10% CBO natural rate: not publishedSep 1970 Unemployment rate: 5.40% CBO natural rate: 5.92%Oct 1970 Unemployment rate: 5.50% CBO natural rate: not publishedNov 1970 Unemployment rate: 5.90% CBO natural rate: not publishedDec 1970 Unemployment rate: 6.10% CBO natural rate: 5.93%Jan 1971 Unemployment rate: 5.90% CBO natural rate: not publishedFeb 1971 Unemployment rate: 5.90% CBO natural rate: not publishedMar 1971 Unemployment rate: 6.00% CBO natural rate: 5.95%Apr 1971 Unemployment rate: 5.90% CBO natural rate: not publishedMay 1971 Unemployment rate: 5.90% CBO natural rate: not publishedJun 1971 Unemployment rate: 5.90% CBO natural rate: 5.96%Jul 1971 Unemployment rate: 6.00% CBO natural rate: not publishedAug 1971 Unemployment rate: 6.10% CBO natural rate: not publishedSep 1971 Unemployment rate: 6.00% CBO natural rate: 5.98%Oct 1971 Unemployment rate: 5.80% CBO natural rate: not publishedNov 1971 Unemployment rate: 6.00% CBO natural rate: not publishedDec 1971 Unemployment rate: 6.00% CBO natural rate: 5.99%Jan 1972 Unemployment rate: 5.80% CBO natural rate: not publishedFeb 1972 Unemployment rate: 5.70% CBO natural rate: not publishedMar 1972 Unemployment rate: 5.80% CBO natural rate: 6.01%Apr 1972 Unemployment rate: 5.70% CBO natural rate: not publishedMay 1972 Unemployment rate: 5.70% CBO natural rate: not publishedJun 1972 Unemployment rate: 5.70% CBO natural rate: 6.03%Jul 1972 Unemployment rate: 5.60% CBO natural rate: not publishedAug 1972 Unemployment rate: 5.60% CBO natural rate: not publishedSep 1972 Unemployment rate: 5.50% CBO natural rate: 6.04%Oct 1972 Unemployment rate: 5.60% CBO natural rate: not publishedNov 1972 Unemployment rate: 5.30% CBO natural rate: not publishedDec 1972 Unemployment rate: 5.20% CBO natural rate: 6.06%Jan 1973 Unemployment rate: 4.90% CBO natural rate: not publishedFeb 1973 Unemployment rate: 5.00% CBO natural rate: not publishedMar 1973 Unemployment rate: 4.90% CBO natural rate: 6.07%Apr 1973 Unemployment rate: 5.00% CBO natural rate: not publishedMay 1973 Unemployment rate: 4.90% CBO natural rate: not publishedJun 1973 Unemployment rate: 4.90% CBO natural rate: 6.09%Jul 1973 Unemployment rate: 4.80% CBO natural rate: not publishedAug 1973 Unemployment rate: 4.80% CBO natural rate: not publishedSep 1973 Unemployment rate: 4.80% CBO natural rate: 6.10%Oct 1973 Unemployment rate: 4.60% CBO natural rate: not publishedNov 1973 Unemployment rate: 4.80% CBO natural rate: not publishedDec 1973 Unemployment rate: 4.90% CBO natural rate: 6.11%Jan 1974 Unemployment rate: 5.10% CBO natural rate: not publishedFeb 1974 Unemployment rate: 5.20% CBO natural rate: not publishedMar 1974 Unemployment rate: 5.10% CBO natural rate: 6.13%Apr 1974 Unemployment rate: 5.10% CBO natural rate: not publishedMay 1974 Unemployment rate: 5.10% CBO natural rate: not publishedJun 1974 Unemployment rate: 5.40% CBO natural rate: 6.14%Jul 1974 Unemployment rate: 5.50% CBO natural rate: not publishedAug 1974 Unemployment rate: 5.50% CBO natural rate: not publishedSep 1974 Unemployment rate: 5.90% CBO natural rate: 6.15%Oct 1974 Unemployment rate: 6.00% CBO natural rate: not publishedNov 1974 Unemployment rate: 6.60% CBO natural rate: not publishedDec 1974 Unemployment rate: 7.20% CBO natural rate: 6.16%Jan 1975 Unemployment rate: 8.10% CBO natural rate: not publishedFeb 1975 Unemployment rate: 8.10% CBO natural rate: not publishedMar 1975 Unemployment rate: 8.60% CBO natural rate: 6.17%Apr 1975 Unemployment rate: 8.80% CBO natural rate: not publishedMay 1975 Unemployment rate: 9.00% CBO natural rate: not publishedJun 1975 Unemployment rate: 8.80% CBO natural rate: 6.18%Jul 1975 Unemployment rate: 8.60% CBO natural rate: not publishedAug 1975 Unemployment rate: 8.40% CBO natural rate: not publishedSep 1975 Unemployment rate: 8.40% CBO natural rate: 6.19%Oct 1975 Unemployment rate: 8.40% CBO natural rate: not publishedNov 1975 Unemployment rate: 8.30% CBO natural rate: not publishedDec 1975 Unemployment rate: 8.20% CBO natural rate: 6.20%Jan 1976 Unemployment rate: 7.90% CBO natural rate: not publishedFeb 1976 Unemployment rate: 7.70% CBO natural rate: not publishedMar 1976 Unemployment rate: 7.60% CBO natural rate: 6.20%Apr 1976 Unemployment rate: 7.70% CBO natural rate: not publishedMay 1976 Unemployment rate: 7.40% CBO natural rate: not publishedJun 1976 Unemployment rate: 7.60% CBO natural rate: 6.21%Jul 1976 Unemployment rate: 7.80% CBO natural rate: not publishedAug 1976 Unemployment rate: 7.80% CBO natural rate: not publishedSep 1976 Unemployment rate: 7.60% CBO natural rate: 6.22%Oct 1976 Unemployment rate: 7.70% CBO natural rate: not publishedNov 1976 Unemployment rate: 7.80% CBO natural rate: not publishedDec 1976 Unemployment rate: 7.80% CBO natural rate: 6.22%Jan 1977 Unemployment rate: 7.50% CBO natural rate: not publishedFeb 1977 Unemployment rate: 7.60% CBO natural rate: not publishedMar 1977 Unemployment rate: 7.40% CBO natural rate: 6.23%Apr 1977 Unemployment rate: 7.20% CBO natural rate: not publishedMay 1977 Unemployment rate: 7.00% CBO natural rate: not publishedJun 1977 Unemployment rate: 7.20% CBO natural rate: 6.23%Jul 1977 Unemployment rate: 6.90% CBO natural rate: not publishedAug 1977 Unemployment rate: 7.00% CBO natural rate: not publishedSep 1977 Unemployment rate: 6.80% CBO natural rate: 6.24%Oct 1977 Unemployment rate: 6.80% CBO natural rate: not publishedNov 1977 Unemployment rate: 6.80% CBO natural rate: not publishedDec 1977 Unemployment rate: 6.40% CBO natural rate: 6.24%Jan 1978 Unemployment rate: 6.40% CBO natural rate: not publishedFeb 1978 Unemployment rate: 6.30% CBO natural rate: not publishedMar 1978 Unemployment rate: 6.30% CBO natural rate: 6.24%Apr 1978 Unemployment rate: 6.10% CBO natural rate: not publishedMay 1978 Unemployment rate: 6.00% CBO natural rate: not publishedJun 1978 Unemployment rate: 5.90% CBO natural rate: 6.24%Jul 1978 Unemployment rate: 6.20% CBO natural rate: not publishedAug 1978 Unemployment rate: 5.90% CBO natural rate: not publishedSep 1978 Unemployment rate: 6.00% CBO natural rate: 6.24%Oct 1978 Unemployment rate: 5.80% CBO natural rate: not publishedNov 1978 Unemployment rate: 5.90% CBO natural rate: not publishedDec 1978 Unemployment rate: 6.00% CBO natural rate: 6.24%Jan 1979 Unemployment rate: 5.90% CBO natural rate: not publishedFeb 1979 Unemployment rate: 5.90% CBO natural rate: not publishedMar 1979 Unemployment rate: 5.80% CBO natural rate: 6.24%Apr 1979 Unemployment rate: 5.80% CBO natural rate: not publishedMay 1979 Unemployment rate: 5.60% CBO natural rate: not publishedJun 1979 Unemployment rate: 5.70% CBO natural rate: 6.23%Jul 1979 Unemployment rate: 5.70% CBO natural rate: not publishedAug 1979 Unemployment rate: 6.00% CBO natural rate: not publishedSep 1979 Unemployment rate: 5.90% CBO natural rate: 6.23%Oct 1979 Unemployment rate: 6.00% CBO natural rate: not publishedNov 1979 Unemployment rate: 5.90% CBO natural rate: not publishedDec 1979 Unemployment rate: 6.00% CBO natural rate: 6.22%Jan 1980 Unemployment rate: 6.30% CBO natural rate: not publishedFeb 1980 Unemployment rate: 6.30% CBO natural rate: not publishedMar 1980 Unemployment rate: 6.30% CBO natural rate: 6.22%Apr 1980 Unemployment rate: 6.90% CBO natural rate: not publishedMay 1980 Unemployment rate: 7.50% CBO natural rate: not publishedJun 1980 Unemployment rate: 7.60% CBO natural rate: 6.21%Jul 1980 Unemployment rate: 7.80% CBO natural rate: not publishedAug 1980 Unemployment rate: 7.70% CBO natural rate: not publishedSep 1980 Unemployment rate: 7.50% CBO natural rate: 6.21%Oct 1980 Unemployment rate: 7.50% CBO natural rate: not publishedNov 1980 Unemployment rate: 7.50% CBO natural rate: not publishedDec 1980 Unemployment rate: 7.20% CBO natural rate: 6.20%Jan 1981 Unemployment rate: 7.50% CBO natural rate: not publishedFeb 1981 Unemployment rate: 7.40% CBO natural rate: not publishedMar 1981 Unemployment rate: 7.40% CBO natural rate: 6.19%Apr 1981 Unemployment rate: 7.20% CBO natural rate: not publishedMay 1981 Unemployment rate: 7.50% CBO natural rate: not publishedJun 1981 Unemployment rate: 7.50% CBO natural rate: 6.18%Jul 1981 Unemployment rate: 7.20% CBO natural rate: not publishedAug 1981 Unemployment rate: 7.40% CBO natural rate: not publishedSep 1981 Unemployment rate: 7.60% CBO natural rate: 6.17%Oct 1981 Unemployment rate: 7.90% CBO natural rate: not publishedNov 1981 Unemployment rate: 8.30% CBO natural rate: not publishedDec 1981 Unemployment rate: 8.50% CBO natural rate: 6.16%Jan 1982 Unemployment rate: 8.60% CBO natural rate: not publishedFeb 1982 Unemployment rate: 8.90% CBO natural rate: not publishedMar 1982 Unemployment rate: 9.00% CBO natural rate: 6.15%Apr 1982 Unemployment rate: 9.30% CBO natural rate: not publishedMay 1982 Unemployment rate: 9.40% CBO natural rate: not publishedJun 1982 Unemployment rate: 9.60% CBO natural rate: 6.14%Jul 1982 Unemployment rate: 9.80% CBO natural rate: not publishedAug 1982 Unemployment rate: 9.80% CBO natural rate: not publishedSep 1982 Unemployment rate: 10.10% CBO natural rate: 6.13%Oct 1982 Unemployment rate: 10.40% CBO natural rate: not publishedNov 1982 Unemployment rate: 10.80% CBO natural rate: not publishedDec 1982 Unemployment rate: 10.80% CBO natural rate: 6.13%Jan 1983 Unemployment rate: 10.40% CBO natural rate: not publishedFeb 1983 Unemployment rate: 10.40% CBO natural rate: not publishedMar 1983 Unemployment rate: 10.30% CBO natural rate: 6.12%Apr 1983 Unemployment rate: 10.20% CBO natural rate: not publishedMay 1983 Unemployment rate: 10.10% CBO natural rate: not publishedJun 1983 Unemployment rate: 10.10% CBO natural rate: 6.11%Jul 1983 Unemployment rate: 9.40% CBO natural rate: not publishedAug 1983 Unemployment rate: 9.50% CBO natural rate: not publishedSep 1983 Unemployment rate: 9.20% CBO natural rate: 6.10%Oct 1983 Unemployment rate: 8.80% CBO natural rate: not publishedNov 1983 Unemployment rate: 8.50% CBO natural rate: not publishedDec 1983 Unemployment rate: 8.30% CBO natural rate: 6.09%Jan 1984 Unemployment rate: 8.00% CBO natural rate: not publishedFeb 1984 Unemployment rate: 7.80% CBO natural rate: not publishedMar 1984 Unemployment rate: 7.80% CBO natural rate: 6.08%Apr 1984 Unemployment rate: 7.70% CBO natural rate: not publishedMay 1984 Unemployment rate: 7.40% CBO natural rate: not publishedJun 1984 Unemployment rate: 7.20% CBO natural rate: 6.07%Jul 1984 Unemployment rate: 7.50% CBO natural rate: not publishedAug 1984 Unemployment rate: 7.50% CBO natural rate: not publishedSep 1984 Unemployment rate: 7.30% CBO natural rate: 6.06%Oct 1984 Unemployment rate: 7.40% CBO natural rate: not publishedNov 1984 Unemployment rate: 7.20% CBO natural rate: not publishedDec 1984 Unemployment rate: 7.30% CBO natural rate: 6.05%Jan 1985 Unemployment rate: 7.30% CBO natural rate: not publishedFeb 1985 Unemployment rate: 7.20% CBO natural rate: not publishedMar 1985 Unemployment rate: 7.20% CBO natural rate: 6.04%Apr 1985 Unemployment rate: 7.30% CBO natural rate: not publishedMay 1985 Unemployment rate: 7.20% CBO natural rate: not publishedJun 1985 Unemployment rate: 7.40% CBO natural rate: 6.02%Jul 1985 Unemployment rate: 7.40% CBO natural rate: not publishedAug 1985 Unemployment rate: 7.10% CBO natural rate: not publishedSep 1985 Unemployment rate: 7.10% CBO natural rate: 6.01%Oct 1985 Unemployment rate: 7.10% CBO natural rate: not publishedNov 1985 Unemployment rate: 7.00% CBO natural rate: not publishedDec 1985 Unemployment rate: 7.00% CBO natural rate: 6.00%Jan 1986 Unemployment rate: 6.70% CBO natural rate: not publishedFeb 1986 Unemployment rate: 7.20% CBO natural rate: not publishedMar 1986 Unemployment rate: 7.20% CBO natural rate: 5.99%Apr 1986 Unemployment rate: 7.10% CBO natural rate: not publishedMay 1986 Unemployment rate: 7.20% CBO natural rate: not publishedJun 1986 Unemployment rate: 7.20% CBO natural rate: 5.98%Jul 1986 Unemployment rate: 7.00% CBO natural rate: not publishedAug 1986 Unemployment rate: 6.90% CBO natural rate: not publishedSep 1986 Unemployment rate: 7.00% CBO natural rate: 5.96%Oct 1986 Unemployment rate: 7.00% CBO natural rate: not publishedNov 1986 Unemployment rate: 6.90% CBO natural rate: not publishedDec 1986 Unemployment rate: 6.60% CBO natural rate: 5.95%Jan 1987 Unemployment rate: 6.60% CBO natural rate: not publishedFeb 1987 Unemployment rate: 6.60% CBO natural rate: not publishedMar 1987 Unemployment rate: 6.60% CBO natural rate: 5.94%Apr 1987 Unemployment rate: 6.30% CBO natural rate: not publishedMay 1987 Unemployment rate: 6.30% CBO natural rate: not publishedJun 1987 Unemployment rate: 6.20% CBO natural rate: 5.92%Jul 1987 Unemployment rate: 6.10% CBO natural rate: not publishedAug 1987 Unemployment rate: 6.00% CBO natural rate: not publishedSep 1987 Unemployment rate: 5.90% CBO natural rate: 5.91%Oct 1987 Unemployment rate: 6.00% CBO natural rate: not publishedNov 1987 Unemployment rate: 5.80% CBO natural rate: not publishedDec 1987 Unemployment rate: 5.70% CBO natural rate: 5.90%Jan 1988 Unemployment rate: 5.70% CBO natural rate: not publishedFeb 1988 Unemployment rate: 5.70% CBO natural rate: not publishedMar 1988 Unemployment rate: 5.70% CBO natural rate: 5.88%Apr 1988 Unemployment rate: 5.40% CBO natural rate: not publishedMay 1988 Unemployment rate: 5.60% CBO natural rate: not publishedJun 1988 Unemployment rate: 5.40% CBO natural rate: 5.87%Jul 1988 Unemployment rate: 5.40% CBO natural rate: not publishedAug 1988 Unemployment rate: 5.60% CBO natural rate: not publishedSep 1988 Unemployment rate: 5.40% CBO natural rate: 5.85%Oct 1988 Unemployment rate: 5.40% CBO natural rate: not publishedNov 1988 Unemployment rate: 5.30% CBO natural rate: not publishedDec 1988 Unemployment rate: 5.30% CBO natural rate: 5.84%Jan 1989 Unemployment rate: 5.40% CBO natural rate: not publishedFeb 1989 Unemployment rate: 5.20% CBO natural rate: not publishedMar 1989 Unemployment rate: 5.00% CBO natural rate: 5.82%Apr 1989 Unemployment rate: 5.20% CBO natural rate: not publishedMay 1989 Unemployment rate: 5.20% CBO natural rate: not publishedJun 1989 Unemployment rate: 5.30% CBO natural rate: 5.81%Jul 1989 Unemployment rate: 5.20% CBO natural rate: not publishedAug 1989 Unemployment rate: 5.20% CBO natural rate: not publishedSep 1989 Unemployment rate: 5.30% CBO natural rate: 5.79%Oct 1989 Unemployment rate: 5.30% CBO natural rate: not publishedNov 1989 Unemployment rate: 5.40% CBO natural rate: not publishedDec 1989 Unemployment rate: 5.40% CBO natural rate: 5.77%Jan 1990 Unemployment rate: 5.40% CBO natural rate: not publishedFeb 1990 Unemployment rate: 5.30% CBO natural rate: not publishedMar 1990 Unemployment rate: 5.20% CBO natural rate: 5.76%Apr 1990 Unemployment rate: 5.40% CBO natural rate: not publishedMay 1990 Unemployment rate: 5.40% CBO natural rate: not publishedJun 1990 Unemployment rate: 5.20% CBO natural rate: 5.74%Jul 1990 Unemployment rate: 5.50% CBO natural rate: not publishedAug 1990 Unemployment rate: 5.70% CBO natural rate: not publishedSep 1990 Unemployment rate: 5.90% CBO natural rate: 5.73%Oct 1990 Unemployment rate: 5.90% CBO natural rate: not publishedNov 1990 Unemployment rate: 6.20% CBO natural rate: not publishedDec 1990 Unemployment rate: 6.30% CBO natural rate: 5.71%Jan 1991 Unemployment rate: 6.40% CBO natural rate: not publishedFeb 1991 Unemployment rate: 6.60% CBO natural rate: not publishedMar 1991 Unemployment rate: 6.80% CBO natural rate: 5.69%Apr 1991 Unemployment rate: 6.70% CBO natural rate: not publishedMay 1991 Unemployment rate: 6.90% CBO natural rate: not publishedJun 1991 Unemployment rate: 6.90% CBO natural rate: 5.68%Jul 1991 Unemployment rate: 6.80% CBO natural rate: not publishedAug 1991 Unemployment rate: 6.90% CBO natural rate: not publishedSep 1991 Unemployment rate: 6.90% CBO natural rate: 5.66%Oct 1991 Unemployment rate: 7.00% CBO natural rate: not publishedNov 1991 Unemployment rate: 7.00% CBO natural rate: not publishedDec 1991 Unemployment rate: 7.30% CBO natural rate: 5.65%Jan 1992 Unemployment rate: 7.30% CBO natural rate: not publishedFeb 1992 Unemployment rate: 7.40% CBO natural rate: not publishedMar 1992 Unemployment rate: 7.40% CBO natural rate: 5.63%Apr 1992 Unemployment rate: 7.40% CBO natural rate: not publishedMay 1992 Unemployment rate: 7.60% CBO natural rate: not publishedJun 1992 Unemployment rate: 7.80% CBO natural rate: 5.61%Jul 1992 Unemployment rate: 7.70% CBO natural rate: not publishedAug 1992 Unemployment rate: 7.60% CBO natural rate: not publishedSep 1992 Unemployment rate: 7.60% CBO natural rate: 5.60%Oct 1992 Unemployment rate: 7.30% CBO natural rate: not publishedNov 1992 Unemployment rate: 7.40% CBO natural rate: not publishedDec 1992 Unemployment rate: 7.40% CBO natural rate: 5.58%Jan 1993 Unemployment rate: 7.30% CBO natural rate: not publishedFeb 1993 Unemployment rate: 7.10% CBO natural rate: not publishedMar 1993 Unemployment rate: 7.00% CBO natural rate: 5.55%Apr 1993 Unemployment rate: 7.10% CBO natural rate: not publishedMay 1993 Unemployment rate: 7.10% CBO natural rate: not publishedJun 1993 Unemployment rate: 7.00% CBO natural rate: 5.53%Jul 1993 Unemployment rate: 6.90% CBO natural rate: not publishedAug 1993 Unemployment rate: 6.80% CBO natural rate: not publishedSep 1993 Unemployment rate: 6.70% CBO natural rate: 5.51%Oct 1993 Unemployment rate: 6.80% CBO natural rate: not publishedNov 1993 Unemployment rate: 6.60% CBO natural rate: not publishedDec 1993 Unemployment rate: 6.50% CBO natural rate: 5.49%Jan 1994 Unemployment rate: 6.60% CBO natural rate: not publishedFeb 1994 Unemployment rate: 6.60% CBO natural rate: not publishedMar 1994 Unemployment rate: 6.50% CBO natural rate: 5.47%Apr 1994 Unemployment rate: 6.40% CBO natural rate: not publishedMay 1994 Unemployment rate: 6.10% CBO natural rate: not publishedJun 1994 Unemployment rate: 6.10% CBO natural rate: 5.45%Jul 1994 Unemployment rate: 6.10% CBO natural rate: not publishedAug 1994 Unemployment rate: 6.00% CBO natural rate: not publishedSep 1994 Unemployment rate: 5.90% CBO natural rate: 5.43%Oct 1994 Unemployment rate: 5.80% CBO natural rate: not publishedNov 1994 Unemployment rate: 5.60% CBO natural rate: not publishedDec 1994 Unemployment rate: 5.50% CBO natural rate: 5.41%Jan 1995 Unemployment rate: 5.60% CBO natural rate: not publishedFeb 1995 Unemployment rate: 5.40% CBO natural rate: not publishedMar 1995 Unemployment rate: 5.40% CBO natural rate: 5.39%Apr 1995 Unemployment rate: 5.80% CBO natural rate: not publishedMay 1995 Unemployment rate: 5.60% CBO natural rate: not publishedJun 1995 Unemployment rate: 5.60% CBO natural rate: 5.38%Jul 1995 Unemployment rate: 5.70% CBO natural rate: not publishedAug 1995 Unemployment rate: 5.70% CBO natural rate: not publishedSep 1995 Unemployment rate: 5.60% CBO natural rate: 5.36%Oct 1995 Unemployment rate: 5.50% CBO natural rate: not publishedNov 1995 Unemployment rate: 5.60% CBO natural rate: not publishedDec 1995 Unemployment rate: 5.60% CBO natural rate: 5.34%Jan 1996 Unemployment rate: 5.60% CBO natural rate: not publishedFeb 1996 Unemployment rate: 5.50% CBO natural rate: not publishedMar 1996 Unemployment rate: 5.50% CBO natural rate: 5.32%Apr 1996 Unemployment rate: 5.60% CBO natural rate: not publishedMay 1996 Unemployment rate: 5.60% CBO natural rate: not publishedJun 1996 Unemployment rate: 5.30% CBO natural rate: 5.30%Jul 1996 Unemployment rate: 5.50% CBO natural rate: not publishedAug 1996 Unemployment rate: 5.10% CBO natural rate: not publishedSep 1996 Unemployment rate: 5.20% CBO natural rate: 5.29%Oct 1996 Unemployment rate: 5.20% CBO natural rate: not publishedNov 1996 Unemployment rate: 5.40% CBO natural rate: not publishedDec 1996 Unemployment rate: 5.40% CBO natural rate: 5.27%Jan 1997 Unemployment rate: 5.30% CBO natural rate: not publishedFeb 1997 Unemployment rate: 5.20% CBO natural rate: not publishedMar 1997 Unemployment rate: 5.20% CBO natural rate: 5.25%Apr 1997 Unemployment rate: 5.10% CBO natural rate: not publishedMay 1997 Unemployment rate: 4.90% CBO natural rate: not publishedJun 1997 Unemployment rate: 5.00% CBO natural rate: 5.24%Jul 1997 Unemployment rate: 4.90% CBO natural rate: not publishedAug 1997 Unemployment rate: 4.80% CBO natural rate: not publishedSep 1997 Unemployment rate: 4.90% CBO natural rate: 5.23%Oct 1997 Unemployment rate: 4.70% CBO natural rate: not publishedNov 1997 Unemployment rate: 4.60% CBO natural rate: not publishedDec 1997 Unemployment rate: 4.70% CBO natural rate: 5.21%Jan 1998 Unemployment rate: 4.60% CBO natural rate: not publishedFeb 1998 Unemployment rate: 4.60% CBO natural rate: not publishedMar 1998 Unemployment rate: 4.70% CBO natural rate: 5.20%Apr 1998 Unemployment rate: 4.30% CBO natural rate: not publishedMay 1998 Unemployment rate: 4.40% CBO natural rate: not publishedJun 1998 Unemployment rate: 4.50% CBO natural rate: 5.19%Jul 1998 Unemployment rate: 4.50% CBO natural rate: not publishedAug 1998 Unemployment rate: 4.50% CBO natural rate: not publishedSep 1998 Unemployment rate: 4.60% CBO natural rate: 5.17%Oct 1998 Unemployment rate: 4.50% CBO natural rate: not publishedNov 1998 Unemployment rate: 4.40% CBO natural rate: not publishedDec 1998 Unemployment rate: 4.40% CBO natural rate: 5.16%Jan 1999 Unemployment rate: 4.30% CBO natural rate: not publishedFeb 1999 Unemployment rate: 4.40% CBO natural rate: not publishedMar 1999 Unemployment rate: 4.20% CBO natural rate: 5.15%Apr 1999 Unemployment rate: 4.30% CBO natural rate: not publishedMay 1999 Unemployment rate: 4.20% CBO natural rate: not publishedJun 1999 Unemployment rate: 4.30% CBO natural rate: 5.14%Jul 1999 Unemployment rate: 4.30% CBO natural rate: not publishedAug 1999 Unemployment rate: 4.20% CBO natural rate: not publishedSep 1999 Unemployment rate: 4.20% CBO natural rate: 5.13%Oct 1999 Unemployment rate: 4.10% CBO natural rate: not publishedNov 1999 Unemployment rate: 4.10% CBO natural rate: not publishedDec 1999 Unemployment rate: 4.00% CBO natural rate: 5.13%Jan 2000 Unemployment rate: 4.00% CBO natural rate: not publishedFeb 2000 Unemployment rate: 4.10% CBO natural rate: not publishedMar 2000 Unemployment rate: 4.00% CBO natural rate: 5.12%Apr 2000 Unemployment rate: 3.80% CBO natural rate: not publishedMay 2000 Unemployment rate: 4.00% CBO natural rate: not publishedJun 2000 Unemployment rate: 4.00% CBO natural rate: 5.11%Jul 2000 Unemployment rate: 4.00% CBO natural rate: not publishedAug 2000 Unemployment rate: 4.10% CBO natural rate: not publishedSep 2000 Unemployment rate: 3.90% CBO natural rate: 5.10%Oct 2000 Unemployment rate: 3.90% CBO natural rate: not publishedNov 2000 Unemployment rate: 3.90% CBO natural rate: not publishedDec 2000 Unemployment rate: 3.90% CBO natural rate: 5.10%Jan 2001 Unemployment rate: 4.20% CBO natural rate: not publishedFeb 2001 Unemployment rate: 4.20% CBO natural rate: not publishedMar 2001 Unemployment rate: 4.30% CBO natural rate: 5.09%Apr 2001 Unemployment rate: 4.40% CBO natural rate: not publishedMay 2001 Unemployment rate: 4.30% CBO natural rate: not publishedJun 2001 Unemployment rate: 4.50% CBO natural rate: 5.09%Jul 2001 Unemployment rate: 4.60% CBO natural rate: not publishedAug 2001 Unemployment rate: 4.90% CBO natural rate: not publishedSep 2001 Unemployment rate: 5.00% CBO natural rate: 5.08%Oct 2001 Unemployment rate: 5.30% CBO natural rate: not publishedNov 2001 Unemployment rate: 5.50% CBO natural rate: not publishedDec 2001 Unemployment rate: 5.70% CBO natural rate: 5.07%Jan 2002 Unemployment rate: 5.70% CBO natural rate: not publishedFeb 2002 Unemployment rate: 5.70% CBO natural rate: not publishedMar 2002 Unemployment rate: 5.70% CBO natural rate: 5.07%Apr 2002 Unemployment rate: 5.90% CBO natural rate: not publishedMay 2002 Unemployment rate: 5.80% CBO natural rate: not publishedJun 2002 Unemployment rate: 5.80% CBO natural rate: 5.07%Jul 2002 Unemployment rate: 5.80% CBO natural rate: not publishedAug 2002 Unemployment rate: 5.70% CBO natural rate: not publishedSep 2002 Unemployment rate: 5.70% CBO natural rate: 5.06%Oct 2002 Unemployment rate: 5.70% CBO natural rate: not publishedNov 2002 Unemployment rate: 5.90% CBO natural rate: not publishedDec 2002 Unemployment rate: 6.00% CBO natural rate: 5.06%Jan 2003 Unemployment rate: 5.80% CBO natural rate: not publishedFeb 2003 Unemployment rate: 5.90% CBO natural rate: not publishedMar 2003 Unemployment rate: 5.90% CBO natural rate: 5.05%Apr 2003 Unemployment rate: 6.00% CBO natural rate: not publishedMay 2003 Unemployment rate: 6.10% CBO natural rate: not publishedJun 2003 Unemployment rate: 6.30% CBO natural rate: 5.05%Jul 2003 Unemployment rate: 6.20% CBO natural rate: not publishedAug 2003 Unemployment rate: 6.10% CBO natural rate: not publishedSep 2003 Unemployment rate: 6.10% CBO natural rate: 5.05%Oct 2003 Unemployment rate: 6.00% CBO natural rate: not publishedNov 2003 Unemployment rate: 5.80% CBO natural rate: not publishedDec 2003 Unemployment rate: 5.70% CBO natural rate: 5.05%Jan 2004 Unemployment rate: 5.70% CBO natural rate: not publishedFeb 2004 Unemployment rate: 5.60% CBO natural rate: not publishedMar 2004 Unemployment rate: 5.80% CBO natural rate: 5.04%Apr 2004 Unemployment rate: 5.60% CBO natural rate: not publishedMay 2004 Unemployment rate: 5.60% CBO natural rate: not publishedJun 2004 Unemployment rate: 5.60% CBO natural rate: 5.04%Jul 2004 Unemployment rate: 5.50% CBO natural rate: not publishedAug 2004 Unemployment rate: 5.40% CBO natural rate: not publishedSep 2004 Unemployment rate: 5.40% CBO natural rate: 5.04%Oct 2004 Unemployment rate: 5.50% CBO natural rate: not publishedNov 2004 Unemployment rate: 5.40% CBO natural rate: not publishedDec 2004 Unemployment rate: 5.40% CBO natural rate: 5.04%Jan 2005 Unemployment rate: 5.30% CBO natural rate: not publishedFeb 2005 Unemployment rate: 5.40% CBO natural rate: not publishedMar 2005 Unemployment rate: 5.20% CBO natural rate: 5.04%Apr 2005 Unemployment rate: 5.20% CBO natural rate: not publishedMay 2005 Unemployment rate: 5.10% CBO natural rate: not publishedJun 2005 Unemployment rate: 5.00% CBO natural rate: 5.04%Jul 2005 Unemployment rate: 5.00% CBO natural rate: not publishedAug 2005 Unemployment rate: 4.90% CBO natural rate: not publishedSep 2005 Unemployment rate: 5.00% CBO natural rate: 5.04%Oct 2005 Unemployment rate: 5.00% CBO natural rate: not publishedNov 2005 Unemployment rate: 5.00% CBO natural rate: not publishedDec 2005 Unemployment rate: 4.90% CBO natural rate: 5.04%Jan 2006 Unemployment rate: 4.70% CBO natural rate: not publishedFeb 2006 Unemployment rate: 4.80% CBO natural rate: not publishedMar 2006 Unemployment rate: 4.70% CBO natural rate: 5.04%Apr 2006 Unemployment rate: 4.70% CBO natural rate: not publishedMay 2006 Unemployment rate: 4.60% CBO natural rate: not publishedJun 2006 Unemployment rate: 4.60% CBO natural rate: 5.04%Jul 2006 Unemployment rate: 4.70% CBO natural rate: not publishedAug 2006 Unemployment rate: 4.70% CBO natural rate: not publishedSep 2006 Unemployment rate: 4.50% CBO natural rate: 5.04%Oct 2006 Unemployment rate: 4.40% CBO natural rate: not publishedNov 2006 Unemployment rate: 4.50% CBO natural rate: not publishedDec 2006 Unemployment rate: 4.40% CBO natural rate: 5.04%Jan 2007 Unemployment rate: 4.60% CBO natural rate: not publishedFeb 2007 Unemployment rate: 4.50% CBO natural rate: not publishedMar 2007 Unemployment rate: 4.40% CBO natural rate: 5.04%Apr 2007 Unemployment rate: 4.50% CBO natural rate: not publishedMay 2007 Unemployment rate: 4.40% CBO natural rate: not publishedJun 2007 Unemployment rate: 4.60% CBO natural rate: 5.05%Jul 2007 Unemployment rate: 4.70% CBO natural rate: not publishedAug 2007 Unemployment rate: 4.60% CBO natural rate: not publishedSep 2007 Unemployment rate: 4.70% CBO natural rate: 5.05%Oct 2007 Unemployment rate: 4.70% CBO natural rate: not publishedNov 2007 Unemployment rate: 4.70% CBO natural rate: not publishedDec 2007 Unemployment rate: 5.00% CBO natural rate: 5.05%Jan 2008 Unemployment rate: 5.00% CBO natural rate: not publishedFeb 2008 Unemployment rate: 4.90% CBO natural rate: not publishedMar 2008 Unemployment rate: 5.10% CBO natural rate: 5.05%Apr 2008 Unemployment rate: 5.00% CBO natural rate: not publishedMay 2008 Unemployment rate: 5.40% CBO natural rate: not publishedJun 2008 Unemployment rate: 5.60% CBO natural rate: 5.05%Jul 2008 Unemployment rate: 5.80% CBO natural rate: not publishedAug 2008 Unemployment rate: 6.10% CBO natural rate: not publishedSep 2008 Unemployment rate: 6.10% CBO natural rate: 5.05%Oct 2008 Unemployment rate: 6.50% CBO natural rate: not publishedNov 2008 Unemployment rate: 6.80% CBO natural rate: not publishedDec 2008 Unemployment rate: 7.30% CBO natural rate: 5.05%Jan 2009 Unemployment rate: 7.80% CBO natural rate: not publishedFeb 2009 Unemployment rate: 8.30% CBO natural rate: not publishedMar 2009 Unemployment rate: 8.70% CBO natural rate: 5.05%Apr 2009 Unemployment rate: 9.00% CBO natural rate: not publishedMay 2009 Unemployment rate: 9.40% CBO natural rate: not publishedJun 2009 Unemployment rate: 9.50% CBO natural rate: 5.05%Jul 2009 Unemployment rate: 9.50% CBO natural rate: not publishedAug 2009 Unemployment rate: 9.60% CBO natural rate: not publishedSep 2009 Unemployment rate: 9.80% CBO natural rate: 5.04%Oct 2009 Unemployment rate: 10.00% CBO natural rate: not publishedNov 2009 Unemployment rate: 9.90% CBO natural rate: not publishedDec 2009 Unemployment rate: 9.90% CBO natural rate: 5.04%Jan 2010 Unemployment rate: 9.80% CBO natural rate: not publishedFeb 2010 Unemployment rate: 9.80% CBO natural rate: not publishedMar 2010 Unemployment rate: 9.90% CBO natural rate: 5.04%Apr 2010 Unemployment rate: 9.90% CBO natural rate: not publishedMay 2010 Unemployment rate: 9.60% CBO natural rate: not publishedJun 2010 Unemployment rate: 9.40% CBO natural rate: 5.03%Jul 2010 Unemployment rate: 9.40% CBO natural rate: not publishedAug 2010 Unemployment rate: 9.50% CBO natural rate: not publishedSep 2010 Unemployment rate: 9.50% CBO natural rate: 5.03%Oct 2010 Unemployment rate: 9.40% CBO natural rate: not publishedNov 2010 Unemployment rate: 9.80% CBO natural rate: not publishedDec 2010 Unemployment rate: 9.30% CBO natural rate: 5.02%Jan 2011 Unemployment rate: 9.10% CBO natural rate: not publishedFeb 2011 Unemployment rate: 9.00% CBO natural rate: not publishedMar 2011 Unemployment rate: 9.00% CBO natural rate: 5.01%Apr 2011 Unemployment rate: 9.10% CBO natural rate: not publishedMay 2011 Unemployment rate: 9.00% CBO natural rate: not publishedJun 2011 Unemployment rate: 9.10% CBO natural rate: 5.00%Jul 2011 Unemployment rate: 9.00% CBO natural rate: not publishedAug 2011 Unemployment rate: 9.00% CBO natural rate: not publishedSep 2011 Unemployment rate: 9.00% CBO natural rate: 4.99%Oct 2011 Unemployment rate: 8.80% CBO natural rate: not publishedNov 2011 Unemployment rate: 8.60% CBO natural rate: not publishedDec 2011 Unemployment rate: 8.50% CBO natural rate: 4.98%Jan 2012 Unemployment rate: 8.30% CBO natural rate: not publishedFeb 2012 Unemployment rate: 8.30% CBO natural rate: not publishedMar 2012 Unemployment rate: 8.20% CBO natural rate: 4.97%Apr 2012 Unemployment rate: 8.20% CBO natural rate: not publishedMay 2012 Unemployment rate: 8.20% CBO natural rate: not publishedJun 2012 Unemployment rate: 8.20% CBO natural rate: 4.95%Jul 2012 Unemployment rate: 8.20% CBO natural rate: not publishedAug 2012 Unemployment rate: 8.10% CBO natural rate: not publishedSep 2012 Unemployment rate: 7.80% CBO natural rate: 4.94%Oct 2012 Unemployment rate: 7.80% CBO natural rate: not publishedNov 2012 Unemployment rate: 7.70% CBO natural rate: not publishedDec 2012 Unemployment rate: 7.90% CBO natural rate: 4.92%Jan 2013 Unemployment rate: 8.00% CBO natural rate: not publishedFeb 2013 Unemployment rate: 7.70% CBO natural rate: not publishedMar 2013 Unemployment rate: 7.50% CBO natural rate: 4.90%Apr 2013 Unemployment rate: 7.60% CBO natural rate: not publishedMay 2013 Unemployment rate: 7.50% CBO natural rate: not publishedJun 2013 Unemployment rate: 7.50% CBO natural rate: 4.89%Jul 2013 Unemployment rate: 7.30% CBO natural rate: not publishedAug 2013 Unemployment rate: 7.20% CBO natural rate: not publishedSep 2013 Unemployment rate: 7.20% CBO natural rate: 4.87%Oct 2013 Unemployment rate: 7.20% CBO natural rate: not publishedNov 2013 Unemployment rate: 6.90% CBO natural rate: not publishedDec 2013 Unemployment rate: 6.70% CBO natural rate: 4.85%Jan 2014 Unemployment rate: 6.60% CBO natural rate: not publishedFeb 2014 Unemployment rate: 6.70% CBO natural rate: not publishedMar 2014 Unemployment rate: 6.70% CBO natural rate: 4.83%Apr 2014 Unemployment rate: 6.20% CBO natural rate: not publishedMay 2014 Unemployment rate: 6.30% CBO natural rate: not publishedJun 2014 Unemployment rate: 6.10% CBO natural rate: 4.81%Jul 2014 Unemployment rate: 6.20% CBO natural rate: not publishedAug 2014 Unemployment rate: 6.10% CBO natural rate: not publishedSep 2014 Unemployment rate: 5.90% CBO natural rate: 4.79%Oct 2014 Unemployment rate: 5.70% CBO natural rate: not publishedNov 2014 Unemployment rate: 5.80% CBO natural rate: not publishedDec 2014 Unemployment rate: 5.60% CBO natural rate: 4.77%Jan 2015 Unemployment rate: 5.70% CBO natural rate: not publishedFeb 2015 Unemployment rate: 5.50% CBO natural rate: not publishedMar 2015 Unemployment rate: 5.40% CBO natural rate: 4.75%Apr 2015 Unemployment rate: 5.40% CBO natural rate: not publishedMay 2015 Unemployment rate: 5.60% CBO natural rate: not publishedJun 2015 Unemployment rate: 5.30% CBO natural rate: 4.72%Jul 2015 Unemployment rate: 5.20% CBO natural rate: not publishedAug 2015 Unemployment rate: 5.10% CBO natural rate: not publishedSep 2015 Unemployment rate: 5.00% CBO natural rate: 4.70%Oct 2015 Unemployment rate: 5.00% CBO natural rate: not publishedNov 2015 Unemployment rate: 5.10% CBO natural rate: not publishedDec 2015 Unemployment rate: 5.00% CBO natural rate: 4.68%Jan 2016 Unemployment rate: 4.80% CBO natural rate: not publishedFeb 2016 Unemployment rate: 4.90% CBO natural rate: not publishedMar 2016 Unemployment rate: 5.00% CBO natural rate: 4.66%Apr 2016 Unemployment rate: 5.10% CBO natural rate: not publishedMay 2016 Unemployment rate: 4.80% CBO natural rate: not publishedJun 2016 Unemployment rate: 4.90% CBO natural rate: 4.64%Jul 2016 Unemployment rate: 4.80% CBO natural rate: not publishedAug 2016 Unemployment rate: 4.90% CBO natural rate: not publishedSep 2016 Unemployment rate: 5.00% CBO natural rate: 4.63%Oct 2016 Unemployment rate: 4.90% CBO natural rate: not publishedNov 2016 Unemployment rate: 4.70% CBO natural rate: not publishedDec 2016 Unemployment rate: 4.70% CBO natural rate: 4.61%Jan 2017 Unemployment rate: 4.70% CBO natural rate: not publishedFeb 2017 Unemployment rate: 4.60% CBO natural rate: not publishedMar 2017 Unemployment rate: 4.40% CBO natural rate: 4.59%Apr 2017 Unemployment rate: 4.40% CBO natural rate: not publishedMay 2017 Unemployment rate: 4.40% CBO natural rate: not publishedJun 2017 Unemployment rate: 4.30% CBO natural rate: 4.57%Jul 2017 Unemployment rate: 4.30% CBO natural rate: not publishedAug 2017 Unemployment rate: 4.40% CBO natural rate: not publishedSep 2017 Unemployment rate: 4.30% CBO natural rate: 4.56%Oct 2017 Unemployment rate: 4.20% CBO natural rate: not publishedNov 2017 Unemployment rate: 4.20% CBO natural rate: not publishedDec 2017 Unemployment rate: 4.10% CBO natural rate: 4.54%Jan 2018 Unemployment rate: 4.00% CBO natural rate: not publishedFeb 2018 Unemployment rate: 4.10% CBO natural rate: not publishedMar 2018 Unemployment rate: 4.00% CBO natural rate: 4.53%Apr 2018 Unemployment rate: 4.00% CBO natural rate: not publishedMay 2018 Unemployment rate: 3.80% CBO natural rate: not publishedJun 2018 Unemployment rate: 4.00% CBO natural rate: 4.52%Jul 2018 Unemployment rate: 3.80% CBO natural rate: not publishedAug 2018 Unemployment rate: 3.80% CBO natural rate: not publishedSep 2018 Unemployment rate: 3.70% CBO natural rate: 4.51%Oct 2018 Unemployment rate: 3.80% CBO natural rate: not publishedNov 2018 Unemployment rate: 3.80% CBO natural rate: not publishedDec 2018 Unemployment rate: 3.90% CBO natural rate: 4.50%Jan 2019 Unemployment rate: 4.00% CBO natural rate: not publishedFeb 2019 Unemployment rate: 3.80% CBO natural rate: not publishedMar 2019 Unemployment rate: 3.80% CBO natural rate: 4.49%Apr 2019 Unemployment rate: 3.70% CBO natural rate: not publishedMay 2019 Unemployment rate: 3.60% CBO natural rate: not publishedJun 2019 Unemployment rate: 3.60% CBO natural rate: 4.48%Jul 2019 Unemployment rate: 3.70% CBO natural rate: not publishedAug 2019 Unemployment rate: 3.60% CBO natural rate: not publishedSep 2019 Unemployment rate: 3.50% CBO natural rate: 4.47%Oct 2019 Unemployment rate: 3.60% CBO natural rate: not publishedNov 2019 Unemployment rate: 3.60% CBO natural rate: not publishedDec 2019 Unemployment rate: 3.60% CBO natural rate: 4.47%Jan 2020 Unemployment rate: 3.60% CBO natural rate: not publishedFeb 2020 Unemployment rate: 3.50% CBO natural rate: not publishedMar 2020 Unemployment rate: 4.40% CBO natural rate: 4.46%Apr 2020 Unemployment rate: 14.80% CBO natural rate: not publishedMay 2020 Unemployment rate: 13.20% CBO natural rate: not publishedJun 2020 Unemployment rate: 11.00% CBO natural rate: 4.46%Jul 2020 Unemployment rate: 10.20% CBO natural rate: not publishedAug 2020 Unemployment rate: 8.40% CBO natural rate: not publishedSep 2020 Unemployment rate: 7.80% CBO natural rate: 4.46%Oct 2020 Unemployment rate: 6.90% CBO natural rate: not publishedNov 2020 Unemployment rate: 6.70% CBO natural rate: not publishedDec 2020 Unemployment rate: 6.70% CBO natural rate: 4.45%Jan 2021 Unemployment rate: 6.40% CBO natural rate: not publishedFeb 2021 Unemployment rate: 6.20% CBO natural rate: not publishedMar 2021 Unemployment rate: 6.10% CBO natural rate: 4.45%Apr 2021 Unemployment rate: 6.10% CBO natural rate: not publishedMay 2021 Unemployment rate: 5.80% CBO natural rate: not publishedJun 2021 Unemployment rate: 5.90% CBO natural rate: 4.45%Jul 2021 Unemployment rate: 5.40% CBO natural rate: not publishedAug 2021 Unemployment rate: 5.10% CBO natural rate: not publishedSep 2021 Unemployment rate: 4.70% CBO natural rate: 4.45%Oct 2021 Unemployment rate: 4.50% CBO natural rate: not publishedNov 2021 Unemployment rate: 4.10% CBO natural rate: not publishedDec 2021 Unemployment rate: 3.90% CBO natural rate: 4.44%Jan 2022 Unemployment rate: 4.00% CBO natural rate: not publishedFeb 2022 Unemployment rate: 3.90% CBO natural rate: not publishedMar 2022 Unemployment rate: 3.70% CBO natural rate: 4.44%Apr 2022 Unemployment rate: 3.70% CBO natural rate: not publishedMay 2022 Unemployment rate: 3.60% CBO natural rate: not publishedJun 2022 Unemployment rate: 3.60% CBO natural rate: 4.44%Jul 2022 Unemployment rate: 3.50% CBO natural rate: not publishedAug 2022 Unemployment rate: 3.60% CBO natural rate: not publishedSep 2022 Unemployment rate: 3.50% CBO natural rate: 4.44%Oct 2022 Unemployment rate: 3.60% CBO natural rate: not publishedNov 2022 Unemployment rate: 3.60% CBO natural rate: not publishedDec 2022 Unemployment rate: 3.50% CBO natural rate: 4.44%Jan 2023 Unemployment rate: 3.50% CBO natural rate: not publishedFeb 2023 Unemployment rate: 3.60% CBO natural rate: not publishedMar 2023 Unemployment rate: 3.50% CBO natural rate: 4.44%Apr 2023 Unemployment rate: 3.40% CBO natural rate: not publishedMay 2023 Unemployment rate: 3.60% CBO natural rate: not publishedJun 2023 Unemployment rate: 3.60% CBO natural rate: 4.43%Jul 2023 Unemployment rate: 3.50% CBO natural rate: not publishedAug 2023 Unemployment rate: 3.70% CBO natural rate: not publishedSep 2023 Unemployment rate: 3.70% CBO natural rate: 4.43%Oct 2023 Unemployment rate: 3.90% CBO natural rate: not publishedNov 2023 Unemployment rate: 3.70% CBO natural rate: not publishedDec 2023 Unemployment rate: 3.80% CBO natural rate: 4.43%Jan 2024 Unemployment rate: 3.70% CBO natural rate: not publishedFeb 2024 Unemployment rate: 3.90% CBO natural rate: not publishedMar 2024 Unemployment rate: 3.90% CBO natural rate: 4.43%Apr 2024 Unemployment rate: 3.90% CBO natural rate: not publishedMay 2024 Unemployment rate: 3.90% CBO natural rate: not publishedJun 2024 Unemployment rate: 4.10% CBO natural rate: 4.42%Jul 2024 Unemployment rate: 4.20% CBO natural rate: not publishedAug 2024 Unemployment rate: 4.20% CBO natural rate: not publishedSep 2024 Unemployment rate: 4.10% CBO natural rate: 4.42%Oct 2024 Unemployment rate: 4.10% CBO natural rate: not publishedNov 2024 Unemployment rate: 4.20% CBO natural rate: not publishedDec 2024 Unemployment rate: 4.10% CBO natural rate: 4.41%Jan 2025 Unemployment rate: 4.00% CBO natural rate: not publishedFeb 2025 Unemployment rate: 4.20% CBO natural rate: not publishedMar 2025 Unemployment rate: 4.20% CBO natural rate: 4.41%Apr 2025 Unemployment rate: 4.20% CBO natural rate: not publishedMay 2025 Unemployment rate: 4.30% CBO natural rate: not publishedJun 2025 Unemployment rate: 4.10% CBO natural rate: 4.41%Jul 2025 Unemployment rate: 4.30% CBO natural rate: not publishedAug 2025 Unemployment rate: 4.30% CBO natural rate: not publishedSep 2025 Unemployment rate: 4.40% CBO natural rate: 4.40%Nov 2025 Unemployment rate: 4.50% CBO natural rate: not publishedDec 2025 Unemployment rate: 4.40% CBO natural rate: 4.40%Jan 2026 Unemployment rate: 4.30% CBO natural rate: not publishedFeb 2026 Unemployment rate: 4.40% CBO natural rate: not publishedMar 2026 Unemployment rate: 4.30% CBO natural rate: 4.40%Apr 2026 Unemployment rate: 4.30% CBO natural rate: not publishedMay 2026 Unemployment rate: 4.30% CBO natural rate: not publishedJun 2026 Unemployment rate: 4.20% CBO natural rate: 4.40%Jul 2026 Unemployment rate: 4.10% CBO natural rate: not publishedAug 2026 Unemployment rate: 4.10% CBO natural rate: not publishedSep 2026 Unemployment rate: 4.20% CBO natural rate: 4.39%

Research that uses this series

  • US inflation driversPolicy stance: the real policy rate, Taylor-rule benchmarks, Treasury yields, breakeven inflation and the term premium from its own approved snapshot.

Open the full topic: US Rates, Growth and Inflation →