The jobless rate is well below the level that is consistent with stable prices.

失业率处于与物价稳定相一致的水平之下。

youdao

The jobless rate consistent with stable inflation has gone up, and, as a result, the apparent loosening in the labour market will prove illusory.

ECONOMIST: Inflation and interest rates

NAIRU, the unemployment rate consistent with stable inflation, has fallen.

ECONOMIST: The euro area's economy

All this makes the labour market harder to read: it seems that the unemployment rate consistent with stable inflation has fallen, but it is hard to say how far.

ECONOMIST: The labour market