Such temporary spells of unemployment are referred to as frictional unemployment. The combination of these factors brings about a long-term average around which the unemployment rate tends to ...

with the unemployment rate (blue) and shows that, while the two generally have a somewhat inverse relationship (as suggested by the Phillips Curve), they occasionally move in tandem under certain ...

Fifteen months of new data covering the period since May 2023 continue to track closely along the path of a fitted nonlinear Phillips curve that shows the empirical ... the ratio of the unemployment ...