The US unemployment rate edged up to 5.9 percent in June 2021, little-changed from May's 14-month low but still well above pre-pandemic levels, as the number of unemployed people increased by 168 thousand to 9.48 million, while employment levels fell by 18 thousand to 151.60 million. Meanwhile, the labor force participation rate was unchanged at 61.6 percent. The labor market has continued to show signs of recovery supported by broader economic re-opening, amid the rapid pace of vaccination and the ongoing government support. However, employers across the country have been complaining about the struggle to fill open positions, citing ongoing labor shortages due to enhanced benefits, concerns about contracting COVID-19 and finding childcare. 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 July of 2021.
Unemployment Rate in the United States is expected to be 5.60 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 5.30 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.