Long Term Unemployment Rate in the United States increased to 0.94 percent in July from 0.87 percent in June of 2020.

Long Term Unemployment Rate in the United States averaged 0.99 percent from 1948 until 2020, reaching an all time high of 4.40 percent in April of 2010 and a record low of 0.08 percent in May of 1953. This page provides the latest reported value for - United States Long Term Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Long Term Unemployment Rate - values, historical data and charts - was last updated on October of 2020.

Long Term Unemployment Rate in the United States is expected to be 0.94 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in the United States to stand at 1.80 in 12 months time. In the long-term, the United States Long Term Unemployment Rate is projected to trend around 1.60 percent in 2021 and 1.20 percent in 2022, according to our econometric models.

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United States Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.94 0.87 4.40 0.08 1948 - 2020 percent Monthly

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.90 8.40 14.70 2.50 percent [+]
Non Farm Payrolls 661.00 1489.00 4781.00 -20787.00 Thousand [+]
Nonfarm Payrolls Private 877.00 1022.00 4729.00 -19835.00 Thousand [+]
Government Payrolls -216.00 467.00 467.00 -952.00 Thousand [+]
Manufacturing Payrolls 66.00 36.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 898.00 845.00 6867.00 162.00 Thousand [+]
Continuing Jobless Claims 10018.00 11183.00 24912.00 988.00 Thousand [+]
ADP Employment Change 749.00 481.00 4485.00 -19409.00 Thousand [+]
Employed Persons 147563.00 147288.00 158803.00 57172.00 Thousand [+]
Unemployed Persons 12580.00 13550.00 23078.00 1596.00 Thousand [+]
Average Hourly Earnings 0.10 0.30 4.70 -1.30 percent [+]
Average Weekly Hours 34.70 34.60 34.70 33.70 Hours [+]
Labor Force Participation Rate 61.40 61.70 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.94 0.87 4.40 0.08 percent [+]
Youth Unemployment Rate 14.70 18.60 27.40 4.80 percent [+]
Labour Costs 116.86 114.37 116.86 17.00 points [+]
Productivity 110.95 108.31 110.95 25.99 points [+]
Job Vacancies 6645.00 6949.00 7746.00 2157.00 Thousand [+]
Job Offers 6493.00 6697.00 7520.00 2264.00 Thousand [+]
Challenger Job Cuts 118804.00 115762.00 671129.00 15100.00 Persons [+]
Wages 24.79 24.78 25.12 2.50 USD/Hour [+]
Wages in Manufacturing 22.95 22.73 22.95 1.27 USD/Hour [+]
Wage Growth -0.45 -1.27 13.78 -7.00 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.50 0.80 2.00 0.20 percent [+]
Population 329.13 327.17 329.13 76.09 Million [+]
Retirement Age Women 66.00 66.00 66.00 66.00 [+]
Retirement Age Men 66.00 66.00 66.00 66.00 [+]
Employment Rate 56.60 56.50 64.70 51.30 percent [+]
Full Time Employment 122423.00 122369.00 131755.00 64640.00 Thousand [+]
Part Time Employment 25161.00 24973.00 28134.00 10086.00 Thousand [+]
Jobless Claims 4-week Average 866.25 858.25 5790.25 179.00 Thousand [+]


United States Long Term Unemployment Rate
Long Term Unemployment Rate in the United States refers to the unemployment rate for a period longer than 27 weeks.