The US unemployment rate dropped to 6.9 percent in October 2020, from the previous month's 7.9 percent and compared with market expectations of 7.7 percent, as the number of unemployed persons fell by 1.5 million to 11.1 million and the employment rose by 2.2 million to 149.8 million. Still, the jobless rate remained well above pre-pandemic levels of about 3.5 percent, as the labor market recovery from COVID-19 shock showed signs of slowing amid a lack of fiscal stimulus and spiraling new coronavirus infections. source: U.S. Bureau of Labor Statistics

Unemployment Rate in the United States averaged 5.76 percent from 1948 until 2020, reaching an all time high of 14.70 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 November of 2020.

Unemployment Rate in the United States is expected to be 7.60 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 6.50 in 12 months time. In the long-term, the United States Unemployment Rate is projected to trend around 6.50 percent in 2021 and 4.40 percent in 2022, according to our econometric models.

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United States Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.90 7.90 14.70 2.50 1948 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-07 12:30 PM Jul 10.2% 11.1% 10.5% 10.5%
2020-09-04 12:30 PM Aug 8.4% 10.2% 9.8% 9.9%
2020-10-02 12:30 PM Sep 7.9% 8.4% 8.2% 8.3%
2020-11-06 01:30 PM Oct 6.9% 7.9% 7.7% 7.7%
2020-12-04 01:30 PM Nov 6.9% 6.8% 6.8%
2021-01-08 01:30 PM Dec
2021-02-05 01:30 PM Jan
2021-03-05 01:30 PM Feb


News Stream
US Jobless Rate Falls More than Expected
The US unemployment rate dropped to 6.9 percent in October 2020, from the previous month's 7.9 percent and compared with market expectations of 7.7 percent, as the number of unemployed persons fell by 1.5 million to 11.1 million and the employment rose by 2.2 million to 149.8 million. Still, the jobless rate remained well above pre-pandemic levels of about 3.5 percent, as the labor market recovery from COVID-19 shock showed signs of slowing amid a lack of fiscal stimulus and spiraling new coronavirus infections.
2020-11-06
US Jobless Rate Seen at 7.7% in October
The US unemployment rate is seen falling to 7.7 percent in October 2020, little-changed from September's 7.9 percent, a number that has been biased down by people misclassifying themselves as being “employed but absent from work.” October's jobless rate would compare with an all-time high of 14.7 percent hit in April but would still remain well above pre-pandemic levels of about 3.5 percent, as the labor market recovery from COVID-19 shock showed signs of slowing amid a lack of fiscal stimulus and spiraling new coronavirus infections.
2020-11-06
US Jobless Rate Falls More than Expected
The US unemployment rate declined to 7.9 percent in September 2020 from 8.4 percent in the previous month and below market expectations of 8.2 percent, as fewer people were looking for jobs. The labor force dropped by 0.7 million to 160.1 million, with the number of unemployed persons falling by 1.0 million to 12.6 million and employment rising by just 0.3 million to 147.5 million. The jobless rate remained well above pre-pandemic levels as the recovery from COVID-19 shock showed signs of slowing amid diminishing government stimulus and a spike in new cases.
2020-10-02
US Jobless Rate Seen at 8.2% in September
The US unemployment rate is seen falling to 8.2 percent in September 2020, little-changed from August's 8.4 percent and compared to an all-time high of 14.7 percent hit in April. Still, the jobless rate will be more than twice 3.5 percent reported in February before the pandemic started as the recovery from COVID-19 shock showed signs of slowing amid diminishing government stimulus and a spike in new cases. The US employment report will be the last before the November presidential election.
2020-10-02

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.