The unemployment rate in the United States rose by 0.2 percentage point to 3.9% in February 2024, touching the highest level since January 2022 and surpassing market expectations of 3.7%. The number of unemployed people increased by 334,000 to 6.5 million. The labor force participation rate was 62.5% for the third consecutive month, and the employment-population ratio was little changed at 60.1%. source: U.S. Bureau of Labor Statistics
Unemployment Rate in the United States increased to 3.90 percent in February from 3.70 percent in January of 2024. Unemployment Rate in the United States averaged 5.70 percent from 1948 until 2024, reaching an all time high of 14.90 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 March of 2024.
Unemployment Rate in the United States increased to 3.90 percent in February from 3.70 percent in January of 2024. Unemployment Rate in the United States is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.