X

Unemployment Rate

The Unemployment Rate released by the US Bureau of Labor Statistics is a percentage that surges from dividing the number of unemployed workers by the total civilian labor force. It represents the percentage of people actively seeking employment and willing to work. Usually, as a higher rate is seen in recessionary economies, while on the ​contrary, a growing economy sees its unemployment rate decreasing. Therefore, a decrease of the figure is seen as positive (or bullish) for the USD, while an increase is seen as negative (or bearish), although by itself, the number can't determinate the markets move as it depends on the headline reading, the Nonfarm Payroll.

Most recent - Friday 8 December 2023 13:30

Previous
3.9%
Revised
-
Forecast
3.9%
Actual
3.7%

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Next event - Friday 5 January 2024 13:30

Previous
3.7%
Forecast
-
Actual
-

The typical/expected impact on USD pairs is medium.

There is no forecast value for Unemployment Rate yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Unemployment Rate was 3.7% against a forecast of 3.9%.

Past events

Date
Forecast
Actual
Friday 8 December 2023 13:30
3.9%
3.7%
Friday 3 November 2023 12:30
3.8%
3.9%
Friday 6 October 2023 12:30
3.7%
3.8%
Friday 1 September 2023 12:30
3.5%
3.8%
Friday 4 August 2023 12:30
3.6%
3.5%
Friday 7 July 2023 12:30
3.6%
3.6%
Friday 2 June 2023 12:30
3.5%
3.7%
Friday 5 May 2023 12:30
3.5%
3.4%
Friday 7 April 2023 12:30
3.6%
3.5%
Friday 10 March 2023 13:30
3.4%
3.6%
Friday 3 February 2023 13:30
3.6%
3.4%
Friday 6 January 2023 13:30
3.7%
3.5%
Friday 2 December 2022 13:30
3.7%
3.7%
Friday 4 November 2022 12:30
3.6%
3.7%
Friday 7 October 2022 12:30
3.7%
3.5%
Friday 2 September 2022 12:30
3.5%
3.7%
Friday 5 August 2022 12:30
3.6%
3.5%
Friday 8 July 2022 12:30
3.6%
3.6%
Friday 3 June 2022 12:30
3.5%
3.6%
Friday 6 May 2022 12:30
3.5%
3.6%
Friday 1 April 2022 12:30
3.7%
3.6%
Friday 4 March 2022 13:30
3.9%
3.8%
Friday 4 February 2022 13:30
3.9%
4%
Friday 7 January 2022 13:30
4.1%
3.9%
Friday 3 December 2021 13:30
4.5%
4.2%
Friday 5 November 2021 12:30
4.7%
4.6%
Friday 8 October 2021 12:30
5.1%
4.8%
Friday 3 September 2021 12:30
5.2%
5.2%
Friday 6 August 2021 12:30
5.7%
5.4%
Friday 2 July 2021 12:30
5.7%
5.9%
Friday 4 June 2021 12:30
5.9%
5.8%
Friday 7 May 2021 12:30
5.8%
6.1%
Friday 2 April 2021 12:30
6%
6%
Friday 5 March 2021 13:30
6.3%
6.2%
Friday 5 February 2021 13:30
6.7%
6.3%
Friday 8 January 2021 13:30
6.8%
6.7%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:

PreviousLatest
Michigan Consumer Sentiment IndexBullish change61.369.4
UoM 5-year Consumer Inflation ExpectationBearish change3.2%2.8%
Average Hourly Earnings (MoM)Bullish change0.2%0.4%
Average Hourly Earnings (YoY)(no change)4%4%
Labor Force Participation RateBullish change62.7%62.8%
Nonfarm PayrollsBullish change150K199K
U6 Underemployment RateBullish change7.2%7%
Initial Jobless ClaimsBearish change218K220K
Challenger Job CutsBullish change36.836K45.51K
Nonfarm ProductivityBullish change4.7%5.2%
Unit Labor CostsBearish change-0.8%-1.2%
ADP Employment ChangeBearish change106K103K
ISM Services Employment IndexBullish change50.250.7
ISM Services New Orders Index(no change)55.555.5
ISM Services PMIBullish change51.852.7
ISM Services Prices PaidBearish change58.658.3
JOLTS Job OpeningsBearish change9.35M8.733M
S&P Global Composite PMI(no change)50.750.7
Factory Orders (MoM)Bearish change2.3%-3.6%
ISM Manufacturing Employment IndexBearish change46.845.8
ISM Manufacturing New Orders IndexBullish change45.548.3
ISM Manufacturing PMI(no change)46.746.7
ISM Manufacturing Prices PaidBullish change45.149.9
Pending Home Sales (MoM)Bearish change1%-1.5%
Chicago Purchasing Managers' IndexBullish change4455.8
Core Personal Consumption Expenditures - Price Index (MoM)Bearish change0.3%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change3.7%3.5%
Initial Jobless ClaimsBearish change211K218K
Personal Consumption Expenditures - Price Index (MoM)Bearish change0.4%0%
Personal Consumption Expenditures - Price Index (YoY)Bearish change3.4%3%
Personal Income (MoM)Bearish change0.4%0.2%
Personal SpendingBearish change0.7%0.2%
Core Personal Consumption Expenditures (QoQ)Bearish change2.4%2.3%
Gross Domestic Product AnnualizedBullish change4.9%5.2%
Gross Domestic Product Price Index(no change)3.5%3.5%
Personal Consumption Expenditures Prices (QoQ)Bearish change2.9%2.8%
Housing Price Index (MoM)(no change)0.6%0.6%
New Home Sales Change (MoM)Bearish change8.6%-5.6%

About Unemployment Rate

Country:United States
Currency:USD
Source:
Category:Labor Market
Frequency:Monthly
 
Continue to site >