The unemployment rate in the United States held at 3.7% in January 2024, unchanged from the previous month and slightly below the market consensus of 3.8%. The activity rate was also flat at 62.5% last month, remaining at the lowest level since February 2023. The number of unemployed individuals decreased by 144 thousand to 6.12 million, while the count of employed individuals dropped by 31 thousand to 161.15 million. source: U.S. Bureau of Labor Statistics

Unemployment Rate in the United States remained unchanged at 3.70 percent in January. Unemployment Rate in the United States averaged 5.70 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 February of 2024.

Unemployment Rate in the United States remained unchanged at 3.70 percent in January. 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.

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United States Unemployment Rate


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-05 01:30 PM
Unemployment Rate
Dec 3.7% 3.7% 3.8% 3.9%
2024-02-02 01:30 PM
Unemployment Rate
Jan 3.7% 3.7% 3.8% 3.7%
2024-03-08 01:30 PM
Unemployment Rate
Feb 3.7


Related Last Unit Reference
Unemployment Rate 3.70 percent Jan 2024
Non Farm Payrolls 353.00 Thousand Jan 2024
Nonfarm Payrolls Private 317.00 Thousand Jan 2024
Government Payrolls 36.00 Thousand Jan 2024
Manufacturing Payrolls 23.00 Thousand Jan 2024
Unemployed Persons 6124.00 Thousand Jan 2024
Average Hourly Earnings 0.60 percent Jan 2024
Average Weekly Hours 34.10 Hours Jan 2024
Labor Force Participation Rate 62.50 percent Jan 2024
Long Term Unemployment Rate 0.76 percent Jan 2024
Youth Unemployment Rate 7.30 percent Jan 2024
Average Hourly Earnings YoY 4.50 percent Jan 2024
Employment Rate 60.20 percent Jan 2024

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.70 14.90 2.50 1948 - 2024 percent Monthly

News Stream
US Jobless Rate Unchanged for 2nd Straight Month
The unemployment rate in the United States held at 3.7% in January 2024, unchanged from the previous month and slightly below the market consensus of 3.8%. The activity rate was also flat at 62.5% last month, remaining at the lowest level since February 2023. The number of unemployed individuals decreased by 144 thousand to 6.12 million, while the count of employed individuals dropped by 31 thousand to 161.15 million.
2024-02-02
US Jobless Rate Holds Steady at 3.7%
The unemployment rate in the United States held at 3.7% in December 2023, unchanged from the previous month and slightly below the market consensus of 3.8%, influenced by a slowdown in new entries into the labor force. The activity rate declined to 62.5% last month from November's 62.8%. Additionally, there was an increase of 6 thousand in the number of unemployed individuals, totaling 6.27 million, while the count of employed individuals dropped by 683 thousand to 161.2 million.
2024-01-05
US Unemployment Rate Unexpectedly Drops
The unemployment rate in the United States fell to 3.7% in November of 2023 from 3.9% in the previous month, the lowest since July, and firmly under market expectations that it would remain unchanged at 3.9%. The result marked a slight backtrack from the near two-year high recorded in October, pushing back against recent trends of a slowing labor market in the United States. The number of unemployed individuals fell by 215 thousand to 6.291 million, while the count of employed individuals jumped by 757 thousand to 161.969 million. The decline in the unemployment rate prevailed despite an increase in the labor force (+0.1 pp to 62.8%), while the employment rate rose by 0.3 percentage points to 60.5%.
2023-12-08