The US unemployment rate fell to 6 percent in March of 2021 from 6.2 percent in the previous month, the lowest rate in a year and in line with market expectations. The rate has been falling steadily in recent months after reaching an all-time high of 14.8 percent in April last year but many believe it has been understated by people misclassifying themselves as being “employed but absent from work”. The number of unemployed people fell by 262 thousand to 9.710 million while the number of employed rose by 609 thousand to 150.85 million. The labor force participation rate edged up to a 3-month high of 61.5 percent from 61.4 percent. Fed Chair Powell recently said the participation rate is seen expanding and holding the unemployment rate up which would be a highly desirable outcome. source: U.S. Bureau of Labor Statistics

Unemployment Rate in the United States averaged 5.77 percent from 1948 until 2021, reaching an all time high of 14.80 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 April of 2021.

Unemployment Rate in the United States is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in the United States to stand at 5.50 in 12 months time. In the long-term, the United States Unemployment Rate is projected to trend around 5.00 percent in 2022 and 4.30 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United States Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.00 6.20 14.80 2.50 1948 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-08 01:30 PM Dec 6.7% 6.7% 6.8% 6.7%
2021-02-05 01:30 PM Jan 6.3% 6.7% 6.7% 6.7%
2021-03-05 01:30 PM Feb 6.2% 6.3% 6.3% 6.3%
2021-04-02 12:30 PM Mar 6% 6.2% 6% 6%
2021-05-07 12:30 PM Apr 6%
2021-06-04 12:30 PM May
2021-07-02 12:30 PM Jun
2021-08-06 12:30 PM Jul


News Stream
US Unemployment Rate Falls to 1-Year Low of 6%
The US unemployment rate fell to 6 percent in March of 2021 from 6.2 percent in the previous month, the lowest rate in a year and in line with market expectations. The rate has been falling steadily in recent months after reaching an all-time high of 14.8 percent in April last year but many believe it has been understated by people misclassifying themselves as being “employed but absent from work”. The number of unemployed people fell by 262 thousand to 9.710 million while the number of employed rose by 609 thousand to 150.85 million. The labor force participation rate edged up to a 3-month high of 61.5 percent from 61.4 percent. Fed Chair Powell recently said the participation rate is seen expanding and holding the unemployment rate up which would be a highly desirable outcome.
2021-04-02
US Jobless Rate Seen Falling to 6%
The US unemployment rate is expected to fall to 6 percent in March of 2021 from 6.2 percent in February. The rate has been falling steady in recent months after reaching an all-time high of 14.8 percent in April last year but many believe it has been understated by people misclassifying themselves as being “employed but absent from work.” Traders will also monitor any changes in the participation rate and the average earnings growth, which could provide an insight into whether lower-income workers are returning to the labor market. Fed Chair Powell recently said the participation rate is seen expanding and holding unemployment rate up which would be a highly desirable outcome. The Federal Reserve sees unemployment rate at 4.5% this year and at 3.9% in 2022.
2021-04-02
US Unemployment Rate Falls Unexpectedly
The US unemployment rate edged down to 6.2 percent in February 2021, the lowest rate since April's record high of 14.8 percent and below market expectations of 6.3 percent. Still, the jobless rate remained well above pre-pandemic levels. The number of unemployed people fell by 158 thousand to 9.97 million, dropping below the 10 million mark for the first time since March 2020, while the number of employed rose by 208 thousand to 150.24 million. The labor force participation rate, however, was unchanged at 61.4 percent, 1.9 percentage points lower than the value a year earlier; while the employment rate was up to 57.6 percent from 57.5 in January.
2021-03-05
US Jobless Rate Seen at 6.3% in February
The US unemployment rate is expected to hold steady at 6.3 percent in February 2021, down from an all-time high of 14.8 percent seen in April last year but remaining well above pre-pandemic levels. The rate has been falling in recent months, but many believe it has been understated by people misclassifying themselves as being “employed but absent from work.” Traders will also monitor any changes in the participation rate and the average earnings growth, which could provide an insight into whether lower-income workers are returning to the labor market. Looking ahead, the pace of job creation is seen gathering steam in the spring and through summer, helped by quickening vaccination rates and additional stimulus from the government.
2021-03-05

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.