Glossary
Macro terms, data terms, and platform terms in one place
Search matches term names, aliases, categories, and definitions.
Platform-specific workflow terms are marked separately from standard macro vocabulary.
Prices and inflation
A framework linking inflation pressure to slack, labor-market tightness, or the output gap.
Labor market
The share of the population that is working or actively looking for work.
An estimate of the unemployment rate consistent with stable inflation.
Unused capacity in the labor market, such as unemployment, underemployment, or weak participation.
Workers employed less than they want, or in positions that do not fully use their labor.
The share of the labor force that is jobless and actively seeking work.
