Structural unemployment rate
The unemployment rate structural of an economy is the Unemployment rate of balance, which is reached by the economy when the economy is on its level of balance, i.e. when there is no Surproduction (high of the Business cycle) or under-production (low of the cycle).
Unemployment rate structural depends on fundamental of the economy: institutions, rigidities, regulations of the Job market, level of the Minimum wage, which, too high, can durably maintain with unemployment certain a part of the little qualified workers.
A good estimate of structural unemployment rate is obtained by the “NAIRU”: the Unemployment rate not accelerating inflation.
The concept of natural Unemployment rate is also used.
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