Long Term Unemployment Rate in the United States increased to 2.51 percent in January from 2.46 percent in December of 2020. source: U.S. Bureau of Labor Statistics

Long Term Unemployment Rate in the United States averaged 1 percent from 1948 until 2021, 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 February of 2021.

Long Term Unemployment Rate in the United States is expected to be 2.00 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 1.60 in 12 months time. In the long-term, the United States Long Term Unemployment Rate is projected to trend around 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
2.51 2.46 4.40 0.08 1948 - 2021 percent Monthly

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.30 6.70 14.80 2.50 percent [+]
Non Farm Payrolls 49.00 -227.00 4846.00 -20679.00 Thousand [+]
Nonfarm Payrolls Private 6.00 -204.00 4807.00 -19731.00 Thousand [+]
Government Payrolls 43.00 -23.00 517.00 -948.00 Thousand [+]
Manufacturing Payrolls -10.00 31.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 779.00 812.00 6867.00 162.00 Thousand [+]
Continuing Jobless Claims 4592.00 4785.00 24912.00 988.00 Thousand [+]
ADP Employment Change 174.00 -78.00 4485.00 -19409.00 Thousand [+]
Employed Persons 150031.00 149830.00 158735.00 57172.00 Thousand [+]
Unemployed Persons 10130.00 10736.00 23109.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 1.00 4.60 -1.30 percent [+]
Average Weekly Hours 35.00 34.70 35.00 33.70 Hours [+]
Labor Force Participation Rate 61.40 61.50 67.30 58.10 percent [+]
Long Term Unemployment Rate 2.51 2.46 4.40 0.08 percent [+]
Youth Unemployment Rate 11.20 12.50 27.40 4.80 percent [+]
Labour Costs 117.56 115.63 117.74 17.00 points [+]
Productivity 111.09 112.48 112.48 25.99 points [+]
Job Vacancies 6301.00 7097.00 7746.00 2157.00 Thousand [+]
Job Offers 6646.00 6572.00 7520.00 2264.00 Thousand [+]
Challenger Job Cuts 79552.00 77030.00 671129.00 15100.00 Persons [+]
Wages 25.18 25.15 25.18 2.50 USD/Hour [+]
Wages in Manufacturing 23.23 23.29 23.29 1.27 USD/Hour [+]
Wage Growth 2.31 2.08 13.78 -6.64 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.70 0.50 2.00 0.20 percent [+]
Population 329.48 328.33 329.48 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 57.50 57.40 64.70 51.30 percent [+]
Full Time Employment 124990.00 124689.00 131755.00 64640.00 Thousand [+]
Pandemic Unemployment Assistance Claims 348.91 403.59 1352.18 31.95 Thousand [+]
Part Time Employment 24627.00 24917.00 28134.00 10086.00 Thousand [+]
Jobless Claims 4-week Average 848.25 849.50 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.