The unemployment rate in the United States went up to 4.2% in November of 2024 from 4.1% in the prior month, in line with market expectations. The number of unemployed individuals increased by 161,000 to 7.145 million, while employment levels decreased by 355,000 to 161.141 million. Meanwhile, the labor force participation rate edged down to 62.5% from 62.6%, and the employment-population ratio fell to 59.8% from 60%. source: U.S. Bureau of Labor Statistics
Unemployment Rate in the United States increased to 4.20 percent in November from 4.10 percent in October of 2024. Unemployment Rate in the United States averaged 5.68 percent from 1948 until 2024, reaching an all time high of 14.90 percent in April of 2020 and a record low of 2.50 percent in May of 1953. This page provides the latest reported value for - United States Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2024.
Unemployment Rate in the United States increased to 4.20 percent in November from 4.10 percent in October of 2024. Unemployment Rate in the United States is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Unemployment Rate is projected to trend around 4.40 percent in 2025 and 4.30 percent in 2026, according to our econometric models.