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US Jobless Rate Falls More than Expected
The US unemployment rate dropped to 10.2 percent in July of 2020 from 11.1 percent in June and below market expectations of 10.5 percent, as many businesses continued to reopen and rehire employees following COVID-19 lockdowns. The number of unemployed persons fell by 1.4 million to 16.3 million. However, the jobless rate remains above the Global Financial Crisis peak of 10.0%, and more than double than February’s 3.5% before the spread of the pandemic in the US. Official figures still may be far off the reality as many people are being classified as employed even though they are absent from work.
Published on 2020-08-07

US Jobless Rate Expected to Drop to 10.5%
The unemployment rate in the US is expected to fall to 10.5 percent in July of 2020 from 11.1 percent in June as many businesses continued to reopen and rehire employees following COVID-19 lockdowns. However, the jobless rate would be above the Global Financial Crisis peak of 10.0%, and more than double than February’s 3.5% before the spread of the pandemic in the US. Official figures still may be far off the reality as many people are being classified as employed even though they are absent from work.
Published on 2020-08-07

US Jobless Rate Falls More than Expected
The US unemployment rate dropped to 11.1 percent in June 2020, easing further from an all-time high of 14.7 percent reached in April and remaining below market expectations of 12.3 percent, as many people returned to the labor market following weeks of coronavirus-induced restrictions. The number of unemployed persons fell by 3.2 million to 17.8 million, while employment rose by 4.9 million to 142.2 million. Although unemployment fell in May and June, the jobless rate and the number of unemployed are up by 7.6 percentage points and 12.0 million, respectively, since February.
Published on 2020-07-02

US Jobless Rate Expected to Fall to 12.3%
The unemployment rate in the US is expected to fall to 12.3 percent in June of 2020 from 13.3 percent in May and a record high of 14.7 percent in April as many businesses reponed after weeks of COVID-19 lockdowns. Still, official figures may be far off the reality as many people are being classified as employed even though they are absent from work. It is estimated that considering absent from work as unemployed, the jobless rate would reach 16.3 percent in May and 19.7 percent in April.
Published on 2020-07-02

US Jobless Rate Falls Unexpectedly
The US unemployment rate dropped to 13.3 percent in May 2020 from the previous month's all-time high of 14.7 percent and below market expectations of 19.8 percent, as the economy gradually reopened. The number of unemployed persons fell by 2.1 million to 21.0 million as those who were on temporary layoff decreased by 2.7 million to 15.3 million. Among those not on temporary layoff, the number of permanent job losers continued to rise, increasing by 295,000 to 2.3 million. The number of employed rose by 3.8 million to 137.2 million and the labor force participation rate increased to 60.8 percent, after hitting the lowest since January 1973 the month before. Since February, the unemployment rate and the number of unemployed persons were up by 9.8 percentage points and 15.2 million, respectively.
Published on 2020-06-05

US Unemployment Rate Hits Record High
The US unemployment rate jumped to 14.7 percent in April 2020, the highest in the history of the series and compared to market expectations of 16 percent, as the Covid-19 crisis threw millions out of work. The number of unemployed persons rose by 15.9 million to 23.1 million, while the number of employed declined by 22.4 million to 133.4 million. The labor force participation rate decreased by 2.5 percentage points over the month to 60.2 percent, the lowest rate since January 1973.
Published on 2020-05-08

US Jobless Rate Climbs to 2-1/2-Year High
The US unemployment rate jumped to 4.4 percent in March 2020, the highest since August 2017 and well above market expectations of 3.8 percent, as the Covid-19 crisis threw millions out of work. The number of unemployed increased by 1.35 million to 7.14 million, while the number of employed declined by 2.99 million to 155.77 million. The numbers are expected to get even worse in April as the government surveyed businesses and households for the report in mid-March, before majority of people was under some form of a lockdown.
Published on 2020-04-03

US Jobless Rate Unexpectedly Falls to 3.5%
The US unemployment rate decreased to 3.5 percent in February of 2020 from 3.6 percent in the previous month while markets had expected it to be unchanged at 3.6 percent. The number of unemployed people decreased by 105 thousand to 5.79 million while employment rose by 45 thousand to 158.76 million. The unemployment rate has been either 3.5 percent or 3.6 percent for the past 6 months. Meantime, the labor force participation rate was unchanged at 63.4 percent.
Published on 2020-03-06

US Jobless Rate Unexpectedly Rises in January
The US unemployment rate rose to 3.6 percent in January 2020 from the previous month's 50-year low and above market expectations of 3.5 percent. The number of unemployed people increased by 139 thousand to 5.89 million while employment fell by 89 thousand to 158.71 million. The labor force participation rate rose 0.2 p.p. to 63.4 percent.
Published on 2020-02-07

US Jobless Rate Holds Near 50-Year Low
The US unemployment rate held steady at 3.5 percent in December 2019, remaining at the lowest level since 1969 and in line with market expectations. The number of unemployed people decreased by 58 thousand to 5.75 million while employment rose by 267 thousand to 158.80 million. The labor force participation rate was unchanged at 63.2 percent.
Published on 2020-01-10

US Jobless Rate Unexpectedly Falls to 3.5%
The US unemployment rate decreased to 3.5 percent in November 2019 from 3.6 percent in the previous month while markets had expected it to be unchanged at 3.6 percent. The number matched the September figure which was the lowest since 1969. Over the month, the number of unemployed persons decreased by 44,000. The labor force participation rate edged down to 63.2 percent from 63.3 percent in October.
Published on 2019-12-06

US Jobless Rate Rises to 3.6% in October
The US unemployment rate increased to 3.6 percent in October 2019 from 3.5 percent in the previous month and in line with market expectations. Over the month, the number of unemployed persons increased by 86,000. The labor force participation rate edged up to 63.3 percent from 63.2 percent in September.
Published on 2019-11-01

US Jobless Rate Falls to Lowest Since 1969
The US unemployment rate decreased to 3.5 percent in September 2019 from 3.7 percent in the previous month and above below market expectations of 3.7 percent. The last time the rate was this low was in December 1969, when it also was 3.5 percent. Over the month, the number of unemployed persons decreased by 275,000 to 5.8 million. The labor force participation rate came in at 63.2 percent, unchanged from the previous month.
Published on 2019-10-04

US Jobless Rate Steady for 3rd Month at 3.7%
The US unemployment rate came in at 3.7 percent in August 2019, unchanged from the previous two month's figures and in line with market expectations. The number of unemployed persons decreased by 19 thousand to 6.0 million while employment rose by 590 thousand to 157.9 million. The labor force participation rate edged up to 63.2 percent, the highest since February, from 63.0 percent a month earlier.
Published on 2019-09-06

US Jobless Rate Holds Steady at 3.7%
The US unemployment rate stood at 3.7 percent in July 2019, unchanged from the previous month's figure and in line with market expectations. The number of unemployed increased by 88 thousand to 6.1 million while employment went up by 283 thousand to 157.3 million.
Published on 2019-08-02

US Jobless Rate Unexpectedly Inches Up
The US unemployment rate rose to 3.7 percent in June 2019 from a 49-year low of 3.6 percent in the previous month and above market expectations of 3.6 percent. The number of unemployed increased by 87 thousand to 6.0 million while employment went up by 247 thousand to 157.0 million. The participation rate advanced to 62.9 percent in June from 62.8 in May.
Published on 2019-07-05

US Jobless Rate Unchanged at 49-Year Low
The US unemployment rate stood at 3.6 percent in May 2019, unchanged from the previous month’s 49-year low and matching market expectations. The number of unemployed increased by 64 thousand to 5.9 million while employment rose by 113 thousand to 156.8 million.
Published on 2019-06-07

US Jobless Rate Falls to Lowest since 1969
The US unemployment rate fell to 3.6 percent in April 2019 from 3.8 percent in the previous month, below market expectations of 3.8 percent. It was the lowest jobless rate since December 1969, as the number of unemployed persons went down by 387 thousand to 5.8 million while employment declined by 103 thousand to 156.6 million. The participation rate dropped to 62.8 percent in April from 63 percent in March and lower than market consensus of 62.9 percent.
Published on 2019-05-03

US Jobless Rate Holds Steady at 3.8%
The US unemployment rate came in at 3.8 percent in March 2019, unchanged from the previous month's figure and in line with market expectations. The number of unemployed persons decreased by 24 thousand to 6.2 million while employment dropped by 201 thousand to 156.7 million. The participation rate fell to 63 percent in March from 63.2 in February.
Published on 2019-04-05

US Jobless Rate Falls More than Expected
The US unemployment rate fell to 3.8 percent in February 2019 from 4 percent in the previous month and below market expectations of 3.9 percent. The number of unemployed persons decreased by 300,000 to 6.2 million.
Published on 2019-03-08