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STRUCTURAL UNEMPLOYMENT

Statistics Directorate    
Definition:
Structural unemployment is the rate of unemployment consistent with constant wage inflation (non-accelerating wage rate of unemployment (NAWRU)), or constant price inflation (non-accelerating inflation rate of unemployment (NAIRU)), given current economic conditions.

Source Publication:
The OECD Economic Outlook: Sources and Methods.

Hyperlink:
http://www.oecd.org/eco/outlook/sources-and-methods.htm

Statistical Theme: Labour statistics

Created on Tuesday, September 25, 2001

Last updated on Friday, March 28, 2014