The US unemployment rate dropped to 5.8 percent in May 2021, the lowest since March 2020 and below market expectations of 5.9 percent, adding to signs that the job market consolidated its recovery as the economy further reopened. Still, the rate remained well above the 3.5 percent recorded in February 2020, just before the virus tore through the economy. A steady decline in the number of daily coronavirus cases due to vaccinations has allowed authorities to lift restrictions on businesses, but employers have been complaining that they cannot find enough workers to respond to growing demand. The number of unemployed people declined by 496 thousand to 9.32 million, while employment rose by 444 thousand to 151.62 million. 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 June 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.

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United States Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.80 6.10 14.80 2.50 1948 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
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 6.1% 6% 5.8% 5.8%
2021-06-04 12:30 PM May 5.8% 6.1% 5.9% 6%
2021-07-02 12:30 PM Jun 5.8% 5.7%
2021-08-06 12:30 PM Jul
2021-09-03 12:30 PM Aug
2021-10-08 12:30 PM Sep


News Stream
US Jobless Rate Falls to 14-Month Low
The US unemployment rate dropped to 5.8 percent in May 2021, the lowest since March 2020 and below market expectations of 5.9 percent, adding to signs that the job market consolidated its recovery as the economy further reopened. Still, the rate remained well above the 3.5 percent recorded in February 2020, just before the virus tore through the economy. A steady decline in the number of daily coronavirus cases due to vaccinations has allowed authorities to lift restrictions on businesses, but employers have been complaining that they cannot find enough workers to respond to growing demand. The number of unemployed people declined by 496 thousand to 9.32 million, while employment rose by 444 thousand to 151.62 million.
2021-06-04
US Jobless Rate Seen Falling Below 6%
The US unemployment rate is expected to fall to 5.9 percent in May 2021, the lowest level since March 2020, adding to signs that the job market consolidated its recovery as the economy further reopened. Still, the rate should remain well above the 3.5 percent recorded in February 2020, just before the virus tore through the economy. A steady decline in the number of daily coronavirus cases due to vaccinations has allowed authorities to lift restrictions on businesses. However, employers have also complained that they can't find enough workers to respond to growing demand.
2021-06-04
US Unemployment Rate Unexpectedly Rises in April
The US unemployment rate rose to 6.1 percent in April 2021, from 6.0 percent in the previous month and defying market expectations of 5.8 percent, as more workers began looking for work and re-entered the labor market. The number of unemployed people increased by 102 thousand to 9.81 million and the number of employed was up by 328 thousand to 151.2 million, while the activity rate rose to 61.7 percent from 61.5 percent in March. Unemployment levels were down considerably from their recent highs in April 2020 but remained well above their levels prior to the coronavirus pandemic.
2021-05-07
US Jobless Rate Seen Falling to 5.8% in April
The US unemployment rate is expected to fall to 5.8 percent in April 2021, the lowest level since the COVID-19 pandemic first hit the US labor market in March 2020. The pace of job creation is seen gathering steam in the spring and through summer, as the country re-opens due to the acceleration in the pace of COVID-19 vaccinations and as the government's $1.9 trillion relief package boosts domestic demand.
2021-05-07

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.