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. 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 May 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.