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United States Unemployment Rate

Last Release
Mar 31, 2024
Actual
3.8
Units In
%
Previous
3.9
Frequency
Monthly
Next Release
May 03, 2024
Time to Release
26 Days 12 Hours
Highest
Lowest
Average
Date Range
Source
14.7
Apr 2020
2.5
May 1953
5.7 %1948-2024U.S. Bureau of Labor Statistics
In the United States, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Latest Updates

The unemployment rate in the United States dipped to 3.8% in March 2024 from the previous month's two-year high of 3.9% and surprising market expectations, which had forecasted the rate to remain unchanged. The number of unemployed individuals decreased by 29,000 to 6.4 million, while employment levels saw a significant surge, rising by 498,000 to reach 161.5 million. Additionally, the labor force participation rate increased to 62.7% from a near one-year low of 62.5% in the preceding periods, and the employment-population ratio climbed to 60.3% from 60.1%. Despite recent policy tightening measures by the Federal Reserve, the unemployment rate has remained within a narrow range of 3.7% to 3.9% since August 2023, suggesting the labor market remains strong.

United States Unemployment Rate History

Last 12 readings

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