Long Term Unemployment Rate in the United States decreased to 0.60 percent in April from 0.71 percent in March 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 May of 2020.

Long Term Unemployment Rate in the United States is expected to be -3.90 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 -4.90 in 12 months time. In the long-term, the United States Long Term Unemployment Rate is projected to trend around -6.90 percent in 2021 and -9.00 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
0.60 0.71 4.40 0.08 1948 - 2020 percent Monthly

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 14.70 4.40 14.70 2.50 percent [+]
Non Farm Payrolls -20500.00 -870.00 1118.00 -20500.00 Thousand [+]
Nonfarm Payrolls Private -19520.00 -842.00 1092.00 -19520.00 Thousand [+]
Government Payrolls -980.00 -28.00 427.00 -980.00 Thousand [+]
Manufacturing Payrolls -1330.00 -34.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 2438.00 2687.00 6867.00 162.00 Thousand [+]
Continuing Jobless Claims 25073.00 22548.00 25073.00 988.00 Thousand [+]
ADP Employment Change -20236.00 -149.00 314.00 -20236.00 Thousand [+]
Employed Persons 133403.00 155772.00 158803.00 57172.00 Thousand [+]
Unemployed Persons 23078.00 7140.00 23078.00 1596.00 Thousand [+]
Average Hourly Earnings 4.70 0.50 4.70 -0.20 percent [+]
Average Weekly Hours 34.20 34.10 34.60 33.70 Hours [+]
Labor Force Participation Rate 60.20 62.70 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.60 0.71 4.40 0.08 percent [+]
Youth Unemployment Rate 27.40 10.30 27.40 4.80 percent [+]
Labour Costs 112.96 111.65 112.96 17.00 points [+]
Productivity 107.60 108.28 108.28 25.99 points [+]
Job Vacancies 6060.00 6597.00 7746.00 2157.00 Thousand [+]
Job Offers 6191.00 7004.00 7520.00 2264.00 Thousand [+]
Challenger Job Cuts 671129.00 222288.00 671129.00 15100.00 Persons [+]
Wages 25.12 24.08 25.12 2.50 USD/Hour [+]
Wages in Manufacturing 22.80 22.56 22.80 1.27 USD/Hour [+]
Wage Growth -0.78 3.26 13.78 -5.88 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.80 0.70 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 51.30 60.00 64.70 51.30 percent [+]
Full Time Employment 114322.00 129298.00 131755.00 64640.00 Thousand [+]
Living Wage Family 2380.00 2270.00 2380.00 2160.00 USD/Month [+]
Living Wage Individual 1660.00 1560.00 1660.00 1450.00 USD/Month [+]
Jobless Claims 4-week Average 3042.00 3543.00 5790.25 179.00 Thousand [+]
Part Time Employment 19106.00 26553.00 28134.00 10086.00 Thousand [+]
Wages Low Skilled 1960.00 1760.00 2340.00 1760.00 USD/Month [+]
Wages High Skilled 4520.00 4330.00 4950.00 4330.00 USD/Month [+]


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.