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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 Apr 2020 14.7 ±0.0
1 May 2020 20.4 ±0.08
2 Jun 2020 23.1 ±0.1
3 Jul 2020 24.4 ±0.1
4 Aug 2020 24.8 ±0.1
5 Sep 2020 25.0 ±0.1
6 Oct 2020 25.1 ±0.2
7 Nov 2020 25.2 ±0.2
8 Dec 2020 25.2 ±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
May 22, 2020
Indicator Value
S&P 500 2955.45
U.S. GDP Growth, % 0.32
U.S. Inflation Rate, % 0.33
Gold Price, $/oz t 1732.70
Crude Oil Futures, $/bbl 33.25
U.S. 10 Year Treasury, % 0.66

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