The unemployment rate in the US decreased slightly to 3.5 percent in July 2023 from 3.6 percent in June and below market expectations of 3.6 percent. The number of unemployed people decreased by 116 thousand to 5.841 million and employment levels rose by 268 thousand to 161.262 million. The so-called U-6 unemployment rate, which also includes people who want to work, but have given up searching and those working part-time because they cannot find full-time employment, fell to 6.7 percent in July from 6.9 percent in June. The labor force participation rate was unchanged at 62.6 percent, remaining at its highest level since March 2020. source: U.S. Bureau of Labor Statistics
Unemployment Rate in the United States averaged 5.72 percent from 1948 until 2023, 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 August of 2023.
Unemployment Rate in the United States is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.