Discussion Paper

The Labor Share of Income and Equilibrium Unemployment

Abstract: After rising to 10 percent in the wake of the Great Recession, the unemployment rate is now approaching a level that many observers--including the Congressional Budget Office, as shown in Figure 1--associate with the natural rate of unemployment.


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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2015-06-08

Number: 2015-06-08-1

Order Number: 2015-06-08-1