The US unemployment rate was unchanged at 3.7 percent in October 2018, unchanged from the previous month's 49-year low and in line with market expectations. The number of unemployed increased by 111 thousand to 6.08 million and employment rose by 600 thousand to 156.56 million. Unemployment Rate in the United States averaged 5.77 percent from 1948 until 2018, reaching an all time high of 10.80 percent in November of 1982 and a record low of 2.50 percent in May of 1953.

Unemployment Rate in the United States is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in the United States to stand at 3.70 in 12 months time. In the long-term, the United States Unemployment Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.

United States Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 12:30 PM Unemployment Rate 3.9% 3.9% 3.8% 3.9%
2018-10-05 12:30 PM Unemployment Rate 3.7% 3.9% 3.8% 3.9%
2018-11-02 12:30 PM Unemployment Rate 3.7% 3.7% 3.7% 3.7%
2018-12-07 01:30 PM Unemployment Rate 3.7% 3.7%



US Jobless Rate Holds Steady at 49-Year Low


The US unemployment rate was unchanged at 3.7 percent in October 2018, unchanged from the previous month's 49-year low and in line with market expectations. The number of unemployed increased by 111 thousand to 6.08 million and employment rose by 600 thousand to 156.56 million.

Among the major worker groups, the unemployment rates for adult men (3.5 percent), adult women (3.4 percent), teenagers (11.9 percent), Whites (3.3 percent), Blacks (6.2 percent), Asians (3.2 percent), and Hispanics (4.4 percent) showed little or no change in October.

The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.4 million in October and accounted for 22.5 percent of the unemployed.

The labor force participation rate increased by 0.2 percentage point to 62.9 percent in October but has shown little change over the year. The employment-population ratio edged up by 0.2 percentage point to 60.6 percent in October and has increased by 0.4 percentage point over the year.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged at 4.6 million in October. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs.

In October, 1.5 million persons were marginally attached to the labor force, little changed from a year earlier. (Data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. Among the marginally attached, there were 506,000 discouraged workers in October, about unchanged from a year earlier. (Data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 984,000 persons marginally attached to the labor force in October had not searched for work for reasons such as school attendance or family responsibilities.


BLS | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/2/2018 1:06:34 PM



United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.70 10.80 2.50 percent [+]
Non Farm Payrolls 250.00 118.00 1115.00 -834.00 Thousand [+]
Nonfarm Payrolls Private 246.00 121.00 1089.00 -821.00 Thousand [+]
Government Payrolls 4.00 -3.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 32.00 18.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 216.00 214.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1676.00 1630.00 6635.00 988.00 Thousand [+]
ADP Employment Change 227.00 218.00 384.00 -836.00 Thousand [+]
Employed Persons 156562.00 155962.00 156562.00 57635.00 Thousand [+]
Unemployed Persons 6075.00 5964.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.30 0.60 -0.20 percent [+]
Average Weekly Hours 34.50 34.50 34.60 33.70 Hours [+]
Labor Force Participation Rate 62.90 62.70 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.84 0.85 2.80 0.74 percent [+]
Youth Unemployment Rate 8.30 8.50 19.50 7.80 percent [+]
Labour Costs 109.66 109.33 109.66 17.00 Index Points [+]
Productivity 105.67 105.10 105.67 26.03 Index Points [+]
Job Vacancies 7070.00 7291.00 7313.00 2132.00 Thousand [+]
Job Offers 7009.00 7293.00 7293.00 2196.00 Thousand [+]
Challenger Job Cuts 75644.00 55285.00 248475.00 15100.00 Persons [+]
Wages 22.89 22.82 22.89 2.50 USD/Hour [+]
Wage Growth 4.60 4.79 13.78 -5.88 percent [+]
Wages in Manufacturing 21.68 21.62 21.68 1.27 USD/Hour [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.80 0.60 1.60 0.20 percent [+]
Population 325.72 323.41 325.72 76.09 Million [+]
Retirement Age Women 66.00 66.00 66.00 66.00 [+]
Retirement Age Men 66.00 66.00 66.00 66.00 [+]
Employment Rate 60.60 60.40 64.70 55.00 percent [+]
Full Time Employment 129212.00 128894.00 129212.00 64640.00 Thousand [+]
Part Time Employment 27297.00 27055.00 28134.00 10086.00 Thousand [+]
Living Wage Family 2380.00 2270.00 2380.00 2160.00 USD/Month [+]
Living Wage Individual 1660.00 1560.00 1660.00 1450.00 USD/Month [+]
Wages High Skilled 4520.00 4330.00 4950.00 4330.00 USD/Month [+]
Wages Low Skilled 1960.00 1760.00 2340.00 1760.00 USD/Month [+]


United States Unemployment Rate

In the United States, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.70 10.80 2.50 1948 - 2018 percent Monthly




Country Last
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.90 Sep/18
Turkey 11.10 Aug/18
Italy 10.10 Sep/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Sep/18
Saudi Arabia 6.00 Jun/18
Canada 5.80 Oct/18
Indonesia 5.34 Jun/18
Australia 5.00 Oct/18
Russia 4.50 Sep/18
United Kingdom 4.10 Sep/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Oct/18
Mexico 3.60 Sep/18
India 3.52 Dec/17
Germany 3.40 Sep/18
Switzerland 2.40 Oct/18
Japan 2.30 Sep/18
Singapore 2.10 Sep/18


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