Chart 9. Unemployment rate and non-accelerating inflation rate of unemployment, historic and projected
Year Unemployment rate Nonaccelerating inflation rate of unemployment

1972

5.60 6.03

1973

4.88 6.09

1974

5.62 6.14

1975

8.47 6.18

1976

7.69 6.21

1977

7.04 6.23

1978

6.05 6.24

1979

5.84 6.23

1980

7.17 6.21

1981

7.61 6.17

1982

9.72 6.14

1983

9.59 6.10

1984

7.51 6.06

1985

7.20 6.02

1986

7.00 5.98

1987

6.19 5.93

1988

5.50 5.86

1989

5.27 5.78

1990

5.61 5.70

1991

6.84 5.63

1992

7.50 5.56

1993

6.91 5.50

1994

6.09 5.45

1995

5.60 5.40

1996

5.40 5.37

1997

4.94 5.33

1998

4.51 5.29

1999

4.22 5.25

2000

3.99 5.21

2001

4.75 5.17

2002

5.78 5.12

2003

5.99 5.08

2004

5.52 5.04

2005

5.08 5.01

2006

4.62 4.97

2007

4.62 4.93

2008

5.80 4.89

2009

9.27 4.87

2010

9.62 4.84

2011

8.94 4.81

2012

8.07 4.77

2013

7.37 4.73

2014

6.16 4.70

2015

5.28 4.67

2016

4.87 4.65

2017

4.36 4.62

2018

3.90 4.58

2019

3.67 4.54

2020

8.10 4.50

2021

5.35 4.46

2022 projected

[1] 4.44

2023 projected

[1] 4.42

2024 projected

[1] 4.41

2025 projected

[1] 4.40

2026 projected

[1] 4.39

2027 projected

[1] 4.37

2028 projected

[1] 4.35

2029 projected

[1] 4.33

2030 projected

[1] 4.30

2031 projected

4.27 4.28

Note: [1] Not applicable.

Unemployment rates calculated and used within the projection model are made with less precise values then those made and used by the Current Population Survey. Consequently, they may differ slightly from what is published by the Current Population Survey.

Source: Unemployment data are from the U.S. Bureau of Labor Statistics. Nonaccelerating inflation rate data are from the Congressional Budget Office.