The US unemployment rate decreased to 3.5% in July 2022, the lowest since February 2020, from 3.6% in the previous period, while analysts expected it to be unchanged. The number of unemployed persons edged down to 5.7 million. Meanwhile, the labor force participation rate, at 62.1 percent, and the employment-population ratio, at 60.0 percent, were little changed over the month. source: U.S. Bureau of Labor Statistics

Unemployment Rate in the United States averaged 5.74 percent from 1948 until 2022, reaching an all time high of 14.70 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 August of 2022.

Unemployment Rate in the United States is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Unemployment Rate is projected to trend around 3.60 percent in 2023 and 3.80 percent in 2024, according to our econometric models.

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United States Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-08 12:30 PM Jun 3.6% 3.6% 3.6% 3.6%
2022-08-05 12:30 PM Jul 3.5% 3.6% 3.6% 3.6%
2022-09-02 12:30 PM Aug


Related Last Previous Unit Reference
Unemployment Rate 3.50 3.60 percent Jul 2022
Non Farm Payrolls 528.00 398.00 Thousand Jul 2022
Government Payrolls 57.00 -6.00 Thousand Jul 2022
Nonfarm Payrolls Private 471.00 404.00 Thousand Jul 2022
Manufacturing Payrolls 30.00 27.00 Thousand Jul 2022
Unemployed Persons 5670.00 5912.00 Thousand Jul 2022
Average Hourly Earnings 0.50 0.40 percent Jul 2022
Average Weekly Hours 34.60 34.60 Hours Jul 2022
Labor Force Participation Rate 62.10 62.20 percent Jul 2022
Long Term Unemployment Rate 1.07 1.03 percent Feb 2022
Youth Unemployment Rate 8.10 7.80 percent Jun 2022
Average Hourly Earnings YoY 5.20 5.20 percent Jul 2022
Employment Rate 60.00 59.90 percent Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.60 14.70 2.50 1948 - 2022 percent Monthly

News Stream
US Unemployment Rate Falls to 3.5%
The US unemployment rate decreased to 3.5% in July 2022, the lowest since February 2020, from 3.6% in the previous period, while analysts expected it to be unchanged. The number of unemployed persons edged down to 5.7 million. Meanwhile, the labor force participation rate, at 62.1 percent, and the employment-population ratio, at 60.0 percent, were little changed over the month.
2022-08-05
US Jobless Rate Steady for 4th Month
The US unemployment rate was unchanged at 3.6 percent in June of 2022, the same as in the previous three months, remaining the lowest since February 2020 and in line with market expectations. The number of unemployed people decreased by 38 thousand to 5.912 million, while employment levels fell by 315 thousand to 158.111 million. Meanwhile, the labor force participation rate edged down to 62.2 percent in June fom 62.3 percent in May.
2022-07-08
US Jobless Rate Unchanged for 3rd Month
The US unemployment rate was unchanged at 3.6 percent in May of 2022, the same as in the previous two months, remaining the lowest since February 2020 and compared with market expectations of 3.5 percent. The number of unemployed people increased by 9 thousand to 5.950 million, while employment levels rose by 321 thousand to 158.426 million. Meanwhile, the labor force participation rate edged up to 62.3 percent in May from a 3-month low of 62.2 percent in April.
2022-06-03