The US unemployment rate stood at 3.7 percent in July 2019, unchanged from the previous month's figure and in line with market expectations. The number of unemployed increased by 88 thousand to 6.1 million while employment went up by 283 thousand to 157.3 million. Unemployment Rate in the United States averaged 5.75 percent from 1948 until 2019, 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 3.60 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 3.80 in 12 months time. In the long-term, the United States Unemployment Rate is projected to trend around 4.10 percent in 2020, according to our econometric models.