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United States Unemployment Rate
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The unemployment rate in the United States fell to 3.7% in November of 2023 from 3.9% in the previous month, the lowest since July, and firmly under market expectations that it would remain unchanged at 3.9%.The result marked a slight backtrack from the near two-year high recorded in October, pushing back against recent trends of a slowing labor market in the United States.The number of unemployed individuals fell by 215 thousand to 6.291 million, while the count of employed individuals jumped by 757 thousand to 161.969 million.The decline in the unemployment rate prevailed despite an increase in the labor force (+0.1 pp to 62.8%), while the employment rate rose by 0.3 percentage points to 60.5%..
source:
U.S.Bureau of Labor Statistics
Unemployment Rate in the United States decreased to 3.70 percent in November from 3.90 percent in October of 2023.Unemployment Rate in the United States averaged 5.71 percent from 1948 until 2023, 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 December of 2023.
Unemployment Rate in the United States decreased to 3.70 percent in November from 3.90 percent in October of 2023.Unemployment Rate in the United States is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
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source: tradingeconomics.com
Width
Height
Preview
Calendar
GMT
Reference
Actual
Previous
Consensus
TEForecast
2023-11-03
12:30 PM
Unemployment Rate
Oct
3.9%
3.8%
3.8%
3.8%
2023-12-08
01:30 PM
Unemployment Rate
Nov
3.7%
3.9%
3.9%
3.9%
2024-01-05
01:30 PM
Unemployment Rate
Dec
3.7%
Related
Last
Previous
Unit
Reference
Unemployment Rate
3.70
3.90
percent
Nov 2023
Non Farm Payrolls
199.00
150.00
Thousand
Nov 2023
Nonfarm Payrolls Private
150.00
85.00
Thousand
Nov 2023
Government Payrolls
49.00
65.00
Thousand
Nov 2023
Manufacturing Payrolls
28.00
-35.00
Thousand
Nov 2023
Unemployed Persons
6291.00
6506.00
Thousand
Nov 2023
Average Hourly Earnings
0.40
0.20
percent
Nov 2023
Average Weekly Hours
34.40
34.30
Hours
Nov 2023
Labor Force Participation Rate
62.80
62.70
percent
Nov 2023
Long Term Unemployment Rate
0.68
0.76
percent
Nov 2023
Youth Unemployment Rate
8.10
8.90
percent
Nov 2023
Average Hourly Earnings YoY
4.00
4.00
percent
Nov 2023
Employment Rate
60.50
60.20
percent
Nov 2023
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
3.70
3.90
14.70
2.50
1948 – 2023
percent
Monthly
Compare
Unemployment Rate by Country
News Stream
US Unemployment Rate Unexpectedly Drops
The unemployment rate in the United States fell to 3.7% in November of 2023 from 3.9% in the previous month, the lowest since July, and firmly under market expectations that it would remain unchanged at 3.9%.The result marked a slight backtrack from the near two-year high recorded in October, pushing back against recent trends of a slowing labor market in the United States.The number of unemployed individuals fell by 215 thousand to 6.291 million, while the count of employed individuals jumped by 757 thousand to 161.969 million.The decline in the unemployment rate prevailed despite an increase in the labor force (+0.1 pp to 62.8%), while the employment rate rose by 0.3 percentage points to 60.5%.
2023-12-08
US Unemployment Rate Hits 21-Month High
The unemployment rate in the United States increased to 3.9% in October 2023, slightly exceeding market expectations and the previous month’s figure of 3.8%.
This marks the highest jobless rate since January 2022, with the number of unemployed individuals rising by 146 thousand to 6.51 million, while the count of employed individuals decreased by 348 thousand to 161.2 million.The employment rate was down to 60.2% from September’s 60.4% and the participation rate edged down to 62.7% from 62.8%.
Since their recent lows in April, both the unemployment rate and unemployment levels were up by 0.5 percentage point and 849,000, respectively.
2023-11-03
US Unemployment Rate Holds at 3.8%
The unemployment rate in the US was at 3.8% in September of 2023, remaining unchanged from the February 2022 high from the previous month and slightly above market expectations of 3.7%.Still, the result consolidated evidence that the labor market remains tight on historical standards, adding leeway for the Federal Reserve to leave borrowing costs at restrictive levels for a prolonged period.The number of unemployed individuals was essentially unchanged at 6.36 million people.The so-called U-6 unemployment rate, which also includes people who want to work, but have given up searching and those working part-time because they cannot find full-time employment, edged lower to 7% after touching a 15-month high of 7.1% in August.In the meantime, the labor force participation rate was also unchanged at 62.8%, the highest since February 2020.
2023-10-06
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