The US unemployment rate fell to 3.6 percent in April 2019 from 3.8 percent in the previous month, below market expectations of 3.8 percent. It was the lowest jobless rate since December 1969, as the number of unemployed persons went down by 387 thousand to 5.8 million while employment declined by 103 thousand to 156.6 million. The participation rate dropped to 62.8 percent in April from 63 percent in March and lower than market consensus of 62.9 percent. Unemployment Rate in the United States averaged 5.75 percent from 1948 until 2019, reaching an all time high of 10.80 percent in November of 1982 and a record low of 2.50 percent in May of 1953.

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. Looking forward, we estimate Unemployment Rate in the United States to stand at 4.00 in 12 months time. In the long-term, the United States Unemployment Rate is projected to trend around 3.90 percent in 2020, according to our econometric models.

United States Unemployment Rate
width
height
Forecast Data Chart
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.


Calendar GMT Actual Previous Consensus TEForecast
2019-02-01 01:30 PM Unemployment Rate 4% 3.9% 3.9% 3.9%
2019-03-08 01:30 PM Unemployment Rate 3.8% 4% 3.9% 3.9%
2019-04-05 12:30 PM Unemployment Rate 3.8% 3.8% 3.8% 3.80%
2019-05-03 12:30 PM Unemployment Rate 3.6% 3.8% 3.8% 3.8%
2019-06-07 12:30 PM Unemployment Rate 3.6% 3.7%
2019-07-05 12:30 PM Unemployment Rate 3.8%
2019-08-02 12:30 PM Unemployment Rate 3.7%



US Jobless Rate Falls to Lowest since 1969

The US unemployment rate fell to 3.6 percent in April 2019 from 3.8 percent in the previous month, below market expectations of 3.8 percent. It was the lowest jobless rate since December 1969, as the number of unemployed persons went down by 387 thousand to 5.8 million while employment declined by 103 thousand to 156.6 million.

Among the major worker groups, the unemployment rates declined in April for adult men (3.4 percent), adult women (3.1 percent), Whites (3.1 percent), Asians (2.2 percent), and Hispanics (4.2 percent). The jobless rates for teenagers (13.0 percent) and Blacks (6.7 percent) showed little or no change. Among the unemployed, the number of job losers and persons who completed temporary jobs declined by 186,000 over the month to 2.7 million.

In April, the number of persons unemployed less than 5 weeks declined by 222,000 to 1.9 million. The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.2 million in April and accounted for 21.1 percent of the unemployed.

The labor force participation rate declined by 0.2 percentage point to 62.8 percent in April but was unchanged from a year earlier. The employment population ratio was unchanged at 60.6 percent in April and has been either 60.6 percent or 60.7 percent since October 2018. 

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed at 4.7 million in April. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or because they were unable to find full-time jobs. 

There were 1.4 million persons marginally attached to the labor force, little different from a year earlier. (Data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. Among the marginally attached, there were 454,000 discouraged workers in April, about unchanged from a year earlier. (Data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 963,000 persons marginally attached to the labor force in April had not searched for work for reasons such as school attendance or family responsibilities.


BLS | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/3/2019 12:47:15 PM



United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.60 3.80 10.80 2.50 percent [+]
Non Farm Payrolls 263.00 189.00 1118.00 -1959.00 Thousand [+]
Nonfarm Payrolls Private 236.00 179.00 1092.00 -811.00 Thousand [+]
Government Payrolls 27.00 10.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 4.00 0.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 211.00 212.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1676.00 1664.00 6635.00 988.00 Thousand [+]
ADP Employment Change 275.00 151.00 360.00 -706.00 Thousand [+]
Employed Persons 156645.00 156748.00 156949.00 57635.00 Thousand [+]
Unemployed Persons 5824.00 6211.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.20 0.60 -0.20 percent [+]
Average Weekly Hours 34.40 34.50 34.60 33.70 Hours [+]
Labor Force Participation Rate 62.80 63.00 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.80 0.78 4.40 0.08 percent [+]
Youth Unemployment Rate 8.30 8.80 19.50 7.80 percent [+]
Labour Costs 109.69 109.94 109.94 17.00 Index Points [+]
Productivity 106.99 106.06 106.99 26.02 Index Points [+]
Job Vacancies 7343.00 6708.00 7484.00 2132.00 Thousand [+]
Job Offers 7488.00 7142.00 7626.00 2264.00 Thousand [+]
Challenger Job Cuts 40023.00 60587.00 248475.00 15100.00 Persons [+]
Wages 23.31 23.24 23.31 2.50 USD/Hour [+]
Wage Growth 4.19 4.22 13.78 -5.88 percent [+]
Wages in Manufacturing 22.04 21.96 22.04 1.27 USD/Hour [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.70 0.70 1.60 0.20 percent [+]
Population 325.72 323.41 325.72 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 60.60 60.60 64.70 55.00 percent [+]
Full Time Employment 129778.00 129969.00 130159.00 64640.00 Thousand [+]
Part Time Employment 26915.00 26938.00 28134.00 10086.00 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 [+]
Wages High Skilled 4520.00 4330.00 4950.00 4330.00 USD/Month [+]
Wages Low Skilled 1960.00 1760.00 2340.00 1760.00 USD/Month [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.80 10.80 2.50 1948 - 2019 percent Monthly




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 14.70 Feb/19
Brazil 12.70 Mar/19
Italy 10.20 Mar/19
Argentina 9.10 Dec/18
France 8.70 Mar/19
Euro Area 7.70 Mar/19
Saudi Arabia 6.00 Dec/18
Canada 5.70 Apr/19
Australia 5.20 Apr/19
Indonesia 5.01 Mar/19
Russia 4.70 Apr/19
South Korea 4.10 Apr/19
United Kingdom 3.80 Mar/19
China 3.67 Mar/19
United States 3.60 Apr/19
India 3.53 Dec/18
Netherlands 3.30 Apr/19
Germany 3.20 Mar/19
Mexico 3.20 Mar/19
Japan 2.50 Mar/19
Switzerland 2.40 Apr/19
Singapore 2.20 Mar/19


Related

Latest