US Unemployment Rate
Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy;
- US Unemployment Rate Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
---|---|---|---|
Jun 7, 2024 | 4.0% | 3.9% | 3.9% |
May 3, 2024 | 3.9% | 3.8% | 3.8% |
Apr 5, 2024 | 3.8% | 3.9% | 3.9% |
Mar 8, 2024 | 3.9% | 3.7% | 3.7% |
Feb 2, 2024 | 3.7% | 3.8% | 3.7% |
Jan 5, 2024 | 3.7% | 3.8% | 3.7% |
Dec 8, 2023 | 3.7% | 3.9% | 3.9% |
Nov 3, 2023 | 3.9% | 3.8% | 3.8% |
-
- US Unemployment Rate News
US employers probably tempered their hiring while wage growth moderated in June, another favorable development for Jerome Powell and his Federal Reserve colleagues seeking more confirmation that inflation is slowing. Payrolls in the world’s largest economy are projected to have increased by about 190,000, according to a Bloomberg survey of economists ahead of Friday’s report. That’s a step down from the surprisingly robust 272,000 gain in May. The jobless rate probably held at 4%. Average hourly earnings are projected to have climbed ...
US May non-farm payrolls came in at 272k versus the 180k consensus and higher than any of the 77 forecasts submitted to Bloomberg – the range was 120-258k. Private payrolls rose 229k versus the 165k consensus expectation. There were 15k of downward revisions to the past 2 months for headline payrolls, but this is still an undeniably strong set of numbers that has seen market interest rate cut expectations reduce significantly. The gains were once again led by the usual suspects of private education & health services (+86k), leisure & ...
Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, led by health care; government; leisure and hospitality; and professional, scientific, and technical services. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey ...
Investors will be looking to May’s nonfarm payrolls report for more clarity on whether the Federal Reserve can ease up in its battle against inflation. Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to report that the U.S. economy added 190,000 more jobs on the month, which would be a slight step up from the 175,000 gain in April. Moreover, markets will be taking a close look at wage numbers, as average hourly earnings are expected to show a 0.3% increase, slightly higher on the month, putting the 12-month ...
U.S. job growth likely maintained its moderate pace in May and wage gains were expected to hold steady, which would keep the Federal Reserve in wait-and-see mode on interest rates but likely encourage bets the central bank will lower borrowing costs at least once this year. The Labor Department's closely watched employment report on Friday is also expected to show the unemployment rate remained below 4% for the 28th straight month. While the labor market has softened in recent months, its still-solid clip has allowed the Fed to take ...
As the saying goes, “There are lies, damn lies and statistics.” And on the first Friday of every month, the American public gets a ton of new statistics to peruse. That’s when the U.S. Bureau of Labor Statistics releases its latest jobs figures. Within minutes of the data drop, news organizations send out push alerts, pundits start opining, and the headlines — and headline numbers — coagulate into a simple narrative, often along the lines of “Jobs are up; the economy is saved” or “Jobs are down; we’re all doomed.” These narratives ...
The June 3 week focus will be firmly on labor market conditions and how these might affect the upcoming FOMC meeting on June 11-12. The monthly employment report for May is set for release at 8:30 ET on Friday. The change in nonfarm payrolls will be watched carefully to see if it disappoints or not versus market expectations. In April, nonfarm payrolls rose 175,000, a significant slowing from the first-quarter’s monthly average of 269,000. However, April’s increase reflects a healthy pace of hiring for an economy in modest expansion. ...
Jobs growth slowed markedly in April and wage pressures eased. That's just the sort of bad-news-is-good news labor data the Federal Reserve wants to see if it's to begin cutting interest sometime later this year, experts say. U.S. nonfarm payrolls increased by 175,000 last month, the Bureau of Labor Statistics said Friday, or the smallest gain in six months. Economists were looking for the addition of about 240,000 jobs. Keep in mind that the economy has added an average of 242,000 new positions a month over the past 12 months. Other ...
Upcoming release on Jul 5, 2024 |
---|
Released on Jun 7, 2024 |
---|
Released on May 3, 2024 |
---|
- Details