The US unemployment rate was unchanged at 3.6 percent in May of 2022, the same as in the previous two months, remaining the lowest since February 2020 and compared with market expectations of 3.5 percent. The number of unemployed people increased by 9 thousand to 5.950 million, while employment levels rose by 321 thousand to 158.426 million. Meanwhile, the labor force participation rate edged up to 62.3 percent in May from a 3-month low of 62.2 percent in April. source: U.S. Bureau of Labor Statistics

Unemployment Rate in the United States averaged 5.75 percent from 1948 until 2022, 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 July of 2022.

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. In the long-term, the United States Unemployment Rate is projected to trend around 3.60 percent in 2023 and 3.80 percent in 2024, according to our econometric models.

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United States Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-06 12:30 PM Apr 3.6% 3.6% 3.5% 3.6%
2022-06-03 12:30 PM May 3.6% 3.6% 3.5% 3.5%
2022-07-08 12:30 PM Jun 3.6% 3.6% 3.6%


Related Last Previous Unit Reference
Unemployment Rate 3.60 3.60 percent May 2022
Non Farm Payrolls 390.00 436.00 Thousand May 2022
Government Payrolls 57.00 31.00 Thousand May 2022
Nonfarm Payrolls Private 333.00 405.00 Thousand May 2022
Manufacturing Payrolls 18.00 61.00 Thousand May 2022
Unemployed Persons 5950.00 5941.00 Thousand May 2022
Average Hourly Earnings 0.30 0.30 percent May 2022
Average Weekly Hours 34.60 34.60 Hours May 2022
Labor Force Participation Rate 62.30 62.20 percent May 2022
Long Term Unemployment Rate 1.07 1.03 percent Feb 2022
Youth Unemployment Rate 7.80 7.90 percent May 2022
Average Hourly Earnings YoY 5.20 5.50 percent May 2022
Employment Rate 60.10 60.00 percent May 2022

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
3.60 3.60 14.70 2.50 1948 - 2022 percent Monthly

News Stream
US Jobless Rate Unchanged for 3rd Month
The US unemployment rate was unchanged at 3.6 percent in May of 2022, the same as in the previous two months, remaining the lowest since February 2020 and compared with market expectations of 3.5 percent. The number of unemployed people increased by 9 thousand to 5.950 million, while employment levels rose by 321 thousand to 158.426 million. Meanwhile, the labor force participation rate edged up to 62.3 percent in May from a 3-month low of 62.2 percent in April.
2022-06-03
US Jobless Rate Above Forecasts
The US unemployment rate was unchanged at 3.6 percent in April of 2022, remaining the lowest since February 2020 and compared with market expectations of 3.5 percent. The number of unemployed people declined by 11 thousand to 5.941 million, while employment levels fell by 353 thousand to 158.105 million. Meanwhile, the labor force participation rate fell to a 3-month low of 62.2 percent in April, from 62.4 percent in March.
2022-05-06
US Jobless Rate Falls More than Expected
The US unemployment rate declined to 3.6 percent in March of 2022 from 3.8 percent in the previous month, the lowest since February 2020 and below market expectations of 3.7 percent. The number of unemployed people declined by 318 thousand to 5.952 million, while employment levels rose by 736 thousand to 158.458 million. Meanwhile, the labor force participation rate edged up to 62.4 percent in March, the highest level since March 2020.
2022-04-01