Chart 9. Unemployment rate and estimated nonaccelerating inflation rate of unemployment, 1971–2020 and 2030 projected (in percent)
Year Unemployment rate Nonaccelerating inflation rate of unemployment

1971

6.0 6.0

1972

5.6 6.0

1973

4.9 6.1

1974

5.6 6.1

1975

8.5 6.2

1976

7.7 6.2

1977

7.0 6.2

1978

6.1 6.2

1979

5.8 6.2

1980

7.2 6.2

1981

7.6 6.2

1982

9.7 6.1

1983

9.6 6.1

1984

7.5 6.1

1985

7.2 6.0

1986

7.0 6.0

1987

6.2 5.9

1988

5.5 5.9

1989

5.3 5.8

1990

5.6 5.7

1991

6.8 5.6

1992

7.5 5.6

1993

6.9 5.5

1994

6.1 5.4

1995

5.6 5.4

1996

5.4 5.4

1997

4.9 5.3

1998

4.5 5.3

1999

4.2 5.3

2000

4.0 5.2

2001

4.7 5.2

2002

5.8 5.1

2003

6.0 5.1

2004

5.5 5.0

2005

5.1 5.0

2006

4.6 5.0

2007

4.6 4.9

2008

5.8 4.9

2009

9.3 4.9

2010

9.6 4.8

2011

8.9 4.8

2012

8.1 4.8

2013

7.4 4.7

2014

6.2 4.7

2015

5.3 4.7

2016

4.9 4.6

2017

4.4 4.6

2018

3.9 4.6

2019

3.7 4.5

2020

8.1 4.5

2021 projected

4.5

2022 projected

4.4

2023 projected

4.4

2024 projected

4.4

2025 projected

4.4

2026 projected

4.4

2027 projected

4.4

2028 projected

4.3

2029 projected

4.3

2030 projected

4.3 4.3

Source: Historical and projected data for the unemployment rate are from the U.S. Bureau of Labor Statistics. Historical and projected data for the nonaccelerating inflation rate of unemployment are from the Congressional Budget Office.