The natural rate of unemployment in a country is 4 percent. This implies that: the unemployment rate is constant at 4 percent over time.

The natural rate of unemployment in a country is 4 percent. This implies that:​

  • ​the unemployment rate is constant at 4 percent over time.
  • ​4 percent of the labor force is unemployed at any given point of time. 
  • ​the country has an unemployment rate of 4 percent in the short run.
  • ​the country has a 4 percent unemployment rate when the labor market is in equilibrium. 

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