# NAIRU

*Macro & Economy — Finicade finance glossary*

The non-accelerating-inflation rate of unemployment — the lowest joblessness can go before inflation starts climbing. Also called the natural rate, it's where the Phillips-curve trade-off runs out.

**Also known as:** the-natural-rate-of-unemployment, natural rate of unemployment

**Related terms:** [Phillips Curve](https://finicade.com/glossary/phillips-curve), [Unemployment Rate](https://finicade.com/glossary/unemployment-rate), [Output Gap](https://finicade.com/glossary/output-gap)

**Taught in:** Macro & Markets — The Labor Market & the Natural Rate

Source: https://finicade.com/glossary/nairu