On the x-axis is the rate of unemployment, on the y the rate of inflation.
The rate of unemployment in the eurozone rose to a fresh record high in January, official figures show.
The Isle of Man has seen a 0.3% increase in the rate of unemployment, according to official Treasury figures.
The Congressional Budget Office estimates that the rate of unemployment below which wage pressure will tend to increase inflation is 5.8%.
Economic growth and lowering the rate of unemployment depend on it.
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The rate of unemployment remains at 3.6% - its lowest since 1975.
And the Fed may have concluded that American inflation is less sensitive than it was to changes in the rate of unemployment.
The rate of unemployment among young people for the three months to October was 18.4%, the highest since records began in this category in 1992.
On the other hand employers have driven down the rate of unemployment faster than was thought possible and confidence measures validate the recovery in output.
Its latest jobless figures, published last week, revealed that the unemployment rate topped 27% in the first quarter of the year, with the rate of unemployment among people under 25 years old reaching 57.2%.
Federal Reserve Chairman Ben Bernanke told the Senate Budget Committee the economic recovery is likely to be "moderately stronger" in 2011 than it was in 2010, but still insufficient to reduce the rate of unemployment significantly.
"The rate of unemployment in Northern Ireland (7.9%) was similar to that in the UK (7.8%), and still compares favourably to the rates in the European Union (10.7%) and the Republic of Ireland (14.7%), " she added.
The Institute for Employment Research, based in Nuremberg, reckons that migration into Germany will add an extra 1.5 percentage points to the country's growth rate by 2020, with little or no effect on the rate of unemployment.
Not long ago this country was faced with several years in a row of declining federal tax revenues (both in absolute dollars and as a percent of GDP), simultaneous declines in GDP growth from over 5% to less than 1%, and a 50% increase in the rate of unemployment.
The rate of unemployment carried on rising, in fact, from 6.8% at the trough in 1991 to 7.5% by the time of the election not just because demand was increasing comparatively slowly but also because labour-saving investment was playing a larger part than usual in the early stages of the upturn.
Pressed by a parliamentary committee last autumn, Andrew Smith, the minister in charge of the scheme, said he would expect the programme to bring down the trend rate of unemployment, barring unforeseeable devastation of the economy.
Unemployment has fallen to 4.7% of the labour force in America and to 5% in Britain the lowest level for around two decades, and well below most estimates of the natural rate of unemployment below which inflation starts to rise.
The Arab world is the region that carries the highest rate of unemployment in the world.
Currently the industry reporting the highest rate of unemployment is the hotel and catering sector.
Meanwhile the high rate of unemployment in the US, the world's largest economy, continues to be a concern despite encouraging economic data in recent weeks.
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The high rate of unemployment in the United States is due primarily to structural problems, high marginal tax rates, minimum wage laws, the extension of unemployment benefits, the high cost of employer-provided health benefits, and uncertainty regarding future fiscal rules and regulations.
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While the headline rate of unemployment has fallen in the each of the last seven months, Labour says the number of long-term jobless is nearly 150% higher than in late 2010.
The Fed may not be able to find a solution quickly due to a division among participants over the natural rate of unemployment and how flexible the FOMC should be with its inflation target, Nomura said.
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Concerning the natural rate of unemployment, not only in Europe, the question remains though: How much better can it even get exactly?
The NI rate of unemployment at 8.2% is lower than the European Union and the Republic of Ireland where unemployment is running at almost 15%.
As a consequence, the unemployment rate of our veterans remains higher than the overall unemployment rate.
The rate of youth unemployment in France is over 20% and it can be twice as high in the notorious banlieues where Muslim populations are concentrated.
In Mr Tulip's view, a good part of the difference between the low equilibrium rate of unemployment in America (and Britain) and the much higher rates in continental Europe can be attributed to Europe's higher minimum wages.
The bursting of the housing bubble tipped Spain into a severe recession and by the end of 2011 the country had an unemployment rate of nearly 23% - the highest jobless rate in Europe.
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