The US unemployment rate fell to 4.6 percent in October 2021, the lowest since March 2020 and slightly below market expectations of 4.7 percent. The labor market continued to gradually recover from the pandemic hit, helped by a surge in demand for labor, record levels of job openings, the expiration of enhanced jobless benefits and the subsiding summer wave of COVID-19 infections. The number of unemployed people declined by 255 thousand to 7.4 million in October, while employment levels rose by 359 thousand to 154.0 million. Still, the unemployment rate remained well above the pre-crisis level of about 3.5 percent, amid reports of persistent worker shortages. 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 December of 2021.

Unemployment Rate in the United States is expected to be 5.20 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 5.00 percent in 2022 and 4.30 percent in 2023, according to our econometric models.

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United States Unemployment Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-08 12:30 PM Sep 4.8% 5.2% 5.1% 5.1%
2021-11-05 12:30 PM Oct 4.6% 4.8% 4.7% 4.8%
2021-12-03 01:30 PM Nov 4.6% 4.5% 4.6%


Related Last Previous Unit Reference
Unemployment Rate 4.60 4.80 percent Oct/21
Non Farm Payrolls 531.00 312.00 Thousand Oct/21
Government Payrolls -73.00 -53.00 Thousand Oct/21
Nonfarm Payrolls Private 604.00 365.00 Thousand Oct/21
Manufacturing Payrolls 60.00 31.00 Thousand Oct/21
Unemployed Persons 7419.00 7674.00 Thousand Oct/21
Average Hourly Earnings 0.40 0.60 percent Oct/21
Average Weekly Hours 34.70 34.80 Hours Oct/21
Labor Force Participation Rate 61.60 61.60 percent Oct/21
Long Term Unemployment Rate 1.44 1.66 percent Oct/21
Youth Unemployment Rate 8.70 9.00 percent Oct/21
Average Hourly Earnings YoY 4.90 4.60 percent Oct/21
Employment Rate 58.80 58.70 percent Oct/21

News Stream
US Jobless Rate Drops to New Pandemic Low
The US unemployment rate fell to 4.6 percent in October 2021, the lowest since March 2020 and slightly below market expectations of 4.7 percent. The labor market continued to gradually recover from the pandemic hit, helped by a surge in demand for labor, record levels of job openings, the expiration of enhanced jobless benefits and the subsiding summer wave of COVID-19 infections. The number of unemployed people declined by 255 thousand to 7.4 million in October, while employment levels rose by 359 thousand to 154.0 million. Still, the unemployment rate remained well above the pre-crisis level of about 3.5 percent, amid reports of persistent worker shortages.
2021-11-05
US Unemployment Rate Seen Falling to 4.7%
The US unemployment rate likely fell last month to 4.7 percent, the lowest since March 2020, as the labor market gradually recovers helped by a surge in demand for labor and record levels of job openings. In addition, the expiration of enhanced jobless benefits and the subsiding summer wave of COVID-19 infections are also seen boosting job gains. The jobless rate would still remain well above the pre-crisis level of about 3.5 percent due to persistent worker shortages.
2021-11-05
US Jobless Rate Falls More than Forecast
The US unemployment rate dropped to 4.8 percent in September 2021, from 5.2 percent in the previous month and below market expectations of 5.1 percent. It was the lowest rate since March 2020, as many people left the labor force and the negative effects of Hurricane Ida and the Delta variant's summer spike started to fade. Still, the jobless rate remained well above the pre-crisis level of about 3.5 percent due to ongoing labor shortages but is seen declining further in the coming months as companies fill widespread vacancies and as more workers are expected to go back into the labor force.
2021-10-08

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.