U.S. Unemployment Rate Forecast
U.S. Unemployment Rate Forecast Values
Percent Unemployed, Seasonally Adjusted.
| Month | Date | Forecast Value | Avg Error |
|---|---|---|---|
| 0 | Feb 2023 | 3.6 | ±0.0 |
| 1 | Mar 2023 | 3.5 | ±0.08 |
| 2 | Apr 2023 | 3.6 | ±0.1 |
| 3 | May 2023 | 3.5 | ±0.1 |
| 4 | Jun 2023 | 3.6 | ±0.1 |
| 5 | Jul 2023 | 3.7 | ±0.1 |
| 6 | Aug 2023 | 3.7 | ±0.2 |
| 7 | Sep 2023 | 3.8 | ±0.2 |
| 8 | Oct 2023 | 3.9 | ±0.2 |
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Chart of U.S. Unemployment Rate
Percent Unemployed yet Actively Seeking Employment, Seasonally Adjusted.
The U.S. Unemployment Rate
The U.S. U-3 unemployment rate is the "official" unemployment rate and is just one of many measures of the employment situation within the United States. This closely followed statistic is released monthly by the Bureau of Labor Statistics.
The U-3 unemployment rate is the total unemployed as a percent of the civilian labor force. For the U-3 measure, the unemployed are persons who are available to take a job and have actively searched for work in the prior 4 weeks but have not found work. The U-3 unemployment rate typically falls between the narrowest measure of unemployment which is the U-2 rate and the broadest measure of unemployment which is the U-6 rate.
Other Employment Resources:
A long range forecast for the U.S. Unemployment Rate and nonfarm payrolls is available by subscription. Click here for more information or to subscribe.
| March 29, 2023 | |
| Indicator | Value |
|---|---|
| S&P 500 | 4027.81 |
| U.S. GDP Growth, YoY % | 0.90 |
| U.S. Inflation Rate, % | 6.04 |
| Gold Price, $/oz-t | 1963.50 |
| Crude Oil Futures, $/bbl | 72.97 |
| U.S. 10 Year Treasury, % | 3.57 |