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U.S. Unemployment Rate Forecast

U.S. Unemployment Rate Forecast Values

Percent Unemployed, Seasonally Adjusted.

Month Date Forecast Value Avg Error
0 Jan 2024 3.7 ±0.0
1 Feb 2024 3.8 ±0.08
2 Mar 2024 3.9 ±0.1
3 Apr 2024 4.2 ±0.1
4 May 2024 4.4 ±0.1
5 Jun 2024 4.6 ±0.1
6 Jul 2024 4.9 ±0.2
7 Aug 2024 4.9 ±0.2
8 Sep 2024 5.1 ±0.2

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Chart of U.S. Unemployment Rate

Percent Unemployed yet Actively Seeking Employment, Seasonally Adjusted.

Chart of U.S. Unemployment Rate with Forecast

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.

Current Economic Indicators
February 22, 2024
Indicator Value
S&P 500 5087.03
U.S. GDP Growth, YoY % 3.11
U.S. Inflation Rate, % 3.09
Gold Price, $/oz-t 2024.36
Crude Oil Futures, $/bbl 78.61
U.S. 10 Year Treasury, % 4.33

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