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The Unemployment Rate and the Potential Supply of Labor (CRS Report for Congress)

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Release Date Aug. 16, 1999
Report Number RL30283
Report Type Report
Authors Linda Levine, Domestic Social Policy Division
Source Agency Congressional Research Service
Summary:

This report examines alternatives to the official unemployment rate to ascertain the pool of labor potentially available to meet rising employer demand during the more than 8-year-old economic expansion. The analysis provides one explanation for the current low-inflation environment despite an official unemployment rate that is below the full employment rate of non-accelerating inflation rate of unemployment.