The US unemployment rate edged down to 6.7 percent in November 2020, from the previous month's 6.9 percent and compared with market expectations of 6.8 percent, as fewer people looked for work. The number of unemployed persons fell by 326 thousand to 10.7 million and the employment level declined by 74 thousand to 149.7 million. The labor force participation rate edged down to 61.5 percent in November, 1.9 percentage points below its February level. The employment-population ratio was little-changed at 57.3 percent, 3.8 percentage points lower than in February. source: U.S. Bureau of Labor Statistics
Unemployment Rate in the United States averaged 5.77 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 December of 2020.
Unemployment Rate in the United States is expected to be 6.60 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.