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nairu

American  
[ney-roo] / ˈneɪ ru /
Or NAIRU

noun

Economics.

  1. nonaccelerating inflation rate of unemployment: the lowest level of unemployment an economy can handle without causing inflation.

NAIRU British  
/ ˈnaɪruː /

acronym

  1. Also called: natural rate of unemployment.  non-accelerating inflation rate of unemployment: the rate of unemployment at which inflation is neither accelerating nor decelerating

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of nairu

First recorded in 1975–80; acronym

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.