The US unemployment rate declined to 7.9 percent in September 2020 from 8.4 percent in the previous month and below market expectations of 8.2 percent, as fewer people were looking for jobs. The labor force dropped by 0.7 million to 160.1 million, with the number of unemployed persons falling by 1.0 million to 12.6 million and employment rising by just 0.3 million to 147.5 million. The jobless rate remained well above pre-pandemic levels as the recovery from COVID-19 shock showed signs of slowing amid diminishing government stimulus and a spike in new cases. source: U.S. Bureau of Labor Statistics

Unemployment Rate in the United States averaged 5.76 percent from 1948 until 2020, 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 October of 2020.

Unemployment Rate in the United States is expected to be 7.60 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 6.50 in 12 months time. In the long-term, the United States Unemployment Rate is projected to trend around 6.50 percent in 2021 and 4.40 percent in 2022, according to our econometric models.

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United States Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.90 8.40 14.70 2.50 1948 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-02 12:30 PM Jun 11.1% 13.3% 12.3% 12.3%
2020-08-07 12:30 PM Jul 10.2% 11.1% 10.5% 10.5%
2020-09-04 12:30 PM Aug 8.4% 10.2% 9.8% 9.9%
2020-10-02 12:30 PM Sep 7.9% 8.4% 8.2% 8.3%
2020-11-06 01:30 PM Oct 7.9% 7.9%
2020-12-04 01:30 PM Nov


News Stream
US Jobless Rate Falls More than Expected
The US unemployment rate declined to 7.9 percent in September 2020 from 8.4 percent in the previous month and below market expectations of 8.2 percent, as fewer people were looking for jobs. The labor force dropped by 0.7 million to 160.1 million, with the number of unemployed persons falling by 1.0 million to 12.6 million and employment rising by just 0.3 million to 147.5 million. The jobless rate remained well above pre-pandemic levels as the recovery from COVID-19 shock showed signs of slowing amid diminishing government stimulus and a spike in new cases.
2020-10-02
US Jobless Rate Seen at 8.2% in September
The US unemployment rate is seen falling to 8.2 percent in September 2020, little-changed from August's 8.4 percent and compared to an all-time high of 14.7 percent hit in April. Still, the jobless rate will be more than twice 3.5 percent reported in February before the pandemic started as the recovery from COVID-19 shock showed signs of slowing amid diminishing government stimulus and a spike in new cases. The US employment report will be the last before the November presidential election.
2020-10-02
US Jobless Rate Drops More than Expected
The US unemployment rate fell to 8.4 percent in August of 2020 from 10.2 percent in the previous month, below market expectations of 9.8 percent, and marking the 4th straight decline after April's all-time high of 14.7 percent. The number of unemployed persons dropped by 2.8 million to 13.6 million, as many businesses continued to rehire employees following coronavirus lockdowns. Still, the jobless rate remains well above 3.5 percent in February, before the pandemic hit but lower than the 2008/2009 Global Financial Crisis peak of 10 percent. Official figures still may be far off the reality as many people are being classified as employed even though they are absent from work.
2020-09-04
US Unemployment Rate Seen Falling to 9.8%
The unemployment rate in the US is seen falling to 9.8 percent in August of 2020 from 10.2 percent in July, which would mark the 4th straight decline after hitting 14.7 percent in April. Still, the jobless rate would remain well above 3.5 percent in February, before the coronavirus hit and only slightly lower the 2008/2009 financial crisis peak of 10 percent. The pandemic is far from controlled and many companies have not extended its labour force yet with workers being recalled from furloughs or temporary layoffs. Also, companies including United Airlines, American Airlines and Ford announced plans to furlough or cut jobs.
2020-09-04

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.