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.

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United States Unemployment Rate



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-07 12:30 PM Jun 3.6% 3.7% 3.6% 3.7%
2023-08-04 12:30 PM Jul 3.5% 3.6% 3.6% 3.6%
2023-09-01 12:30 PM Aug 3.5% 3.5% 3.5%


Related Last Previous Unit Reference
Unemployment Rate 3.50 3.60 percent Jul 2023
Non Farm Payrolls 187.00 185.00 Thousand Jul 2023
Nonfarm Payrolls Private 172.00 128.00 Thousand Jul 2023
Government Payrolls 15.00 57.00 Thousand Jul 2023
Manufacturing Payrolls -2.00 6.00 Thousand Jul 2023
Unemployed Persons 5841.00 5957.00 Thousand Jul 2023
Average Hourly Earnings 0.40 0.40 percent Jul 2023
Average Weekly Hours 34.30 34.40 Hours Jul 2023
Labor Force Participation Rate 62.60 62.60 percent Jul 2023
Long Term Unemployment Rate 0.69 0.66 percent Jul 2023
Youth Unemployment Rate 8.00 7.50 percent Jul 2023
Average Hourly Earnings YoY 4.40 4.40 percent Jul 2023
Employment Rate 60.40 60.30 percent Jul 2023

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
3.50 3.60 14.70 2.50 1948 - 2023 percent Monthly

News Stream
US Jobless Rate Unexpectedly Falls to 3.5%
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.
2023-08-04
US Jobless Rate Falls to 3.6%
The unemployment rate in the US decreased slightly to 3.6 percent in June 2023, which is lower than May's seven-month high of 3.7 percent and in line with market expectations. The jobless rate has fluctuated between 3.4 percent and 3.7 percent since March 2022, indicating a consistently tight labor market and allowing the Federal Reserve the flexibility to continue raising interest rates as a means to combat inflation. The number of unemployed people decreased by 140 thousand to 5.96 million and employment levels rose by 273 thousand to 160.99 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, rose to 6.9 percent in June from 6.7 percent in May. The labor force participation rate was unchanged at 62.6 percent, remaining at its highest level since March 2020.
2023-07-07
US Jobless Rate Rises to 7-Month High
The unemployment rate in the US increased to 3.7 percent in May 2023, the highest since October 2022 and above market expectations of 3.5 percent. Despite this uptick, the jobless rate remained historically low and suggested the labor market remained tight. The number of unemployed people increased by 440 thousand to 6.10 million and employment levels declined by 310 thousand to 160.72 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, rose to 6.7 percent in May, also above forecasts of 6.6 percent. The labor force participation rate was unchanged at 62.6 percent, remaining at its highest level since March 2020.
2023-06-02