Number: RL30391
Title: Inflation and Unemployment: What is the Connection?
Authors: Brian W. Cashell, Government and Finance Division 
Abstract: There are those who consider an unemployment rate near, or below, 5 percent to be unsustainable, or at least incompatible with continued low rates of inflation. This report discusses the evolution of the notion of full employment as well as those factors that are believed to determine the full employment rate of unemployment.
Pages: 19
Date: April 8, 2004