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. United States Unemployment Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Unemployment Rate in the United States averaged 5.73 percent from 1948 until 2020, 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. 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. source: U.S. Bureau of Labor Statistics
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 3.90 in 12 months time. In the long-term, the United States Unemployment Rate is projected to trend around 4.10 percent in 2021 and 4.40 percent in 2022, according to our econometric models.