Business Terms and Jargon Explained

What is NAIRU

Non-accelerating inflation rate of unemployment. The rate of unemployment in an economy consistent with a stable rate of inflation. Sometimes referred to as structural unemployment or the natural rate of unemployment.

Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2007-03-29 15:53:36

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