Ireland Non-Accelerating Inflation Rate of Unemployment (NAIRU): Forecast: OECD Member: Annual
IE: NAIRU: Equilibrium Unemployment Rate
IE: NAIRU: Equilibrium Unemployment Rate data was reported at 7.152 % in 2022. This records an increase from the previous number of 7.136 % for 2021. IE: NAIRU: Equilibrium Unemployment Rate data is updated yearly, averaging 8.407 % from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 12.280 % in 1990 and a record low of 7.136 % in 2021. IE: NAIRU: Equilibrium Unemployment Rate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Ireland – Table IE.OECD.EO: Non-Accelerating Inflation Rate of Unemployment (NAIRU): Forecast: OECD Member: Annual. NAIRU - Equilibrium unemployment rate The equilibrium unemployment rate (code NAIRU) is estimated using a Kalman filter in a Phillips curve framework which assumes inflation expectations are anchored at the central bank’s inflation target . The NAIRU is then projected forward from the last estimated period using a simple autoregressive rule, exceptionally modified to account for recent labour market reforms, until the end of the forecasting horizon More details on methodology in Rusticelli E., Turner D. and M. C. Cavalleri (2015), Incorporating anchored inflation expectations in the Phillips Curve and in the derivation of OECD measures of equilibrium unemployment, OECD Economics Department Working Papers No.1231 OECD, Economics Department Working Papers: Incorporating anchored inflation expectations in the Phillips Curve and in the derivation of OECD measures of equilibrium unemployment:https://www.oecd-ilibrary.org/economics/incorporating-anchored-inflation-expectations-in-the-phillips-curve-and-in-the-derivation-of-oecd-measures-of-equilibrium-unemployment_5js1gmq551wd-en
| Last | Frequency | Range |
|---|---|---|
| 7.152 2022 | yearly | 1990 - 2022 |
View Ireland's IE: NAIRU: Equilibrium Unemployment Rate from 1990 to 2022 in the chart:
IE: NAIRU: Unemployment Gap
IE: NAIRU: Unemployment Gap data was reported at -0.968 % in 2022. This records a decrease from the previous number of -0.568 % for 2021. IE: NAIRU: Unemployment Gap data is updated yearly, averaging -0.765 % from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 4.071 % in 2001 and a record low of -6.848 % in 2012. IE: NAIRU: Unemployment Gap data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Ireland – Table IE.OECD.EO: Non-Accelerating Inflation Rate of Unemployment (NAIRU): Forecast: OECD Member: Annual. GAPUNR - Unemployment gap Difference of nairu and unemployment rate OECD calculation, see OECD Economic Outlook, Database Inventory OECD Economic Outlook, Database Inventory:https://www.oecd.org/eco/outlook/Database_Inventory.pdf
| Last | Frequency | Range |
|---|---|---|
| -0.968 2022 | yearly | 1990 - 2022 |