Quick Answer: What Is The US Unemployment Rate Right Now?

What is the lowest unemployment rate in US history?

Although the decrease in the number of unemployed people was relatively small by historical standards, the jobless rate fell to its lowest level since 1969, when it was 3.4 percent.

In 2019, the unemployment rates declined to 3.5 percent for both men and women..

What city in the US has the highest unemployment rate?

Main FindingsOverall RankCityChange in Unemployment (October 2020 vs January 2020)1Lincoln, NE0.36%2South Burlington, VT13.71%3Sioux Falls, SD-8.31%4Omaha, NE1.21%71 more rows•Dec 3, 2020

What is the highest unemployment rate in the world?

77 percentIn 2017, Burkina Faso had the highest unemployment rate in the world, at 77 percent….The 20 countries with the highest unemployment rate in 2017.Unemployment rateBurkina Faso77%Syria50%Senegal48%Haiti40.6%9 more rows•Sep 15, 2020

What was February 2020 unemployment rate?

3.5 percentIn February 2020, the unemployment rate was 3.5 percent, and the number of unemployed people was 5.8 million. Both these numbers were little changed from January. The percentage of the unemployed who had been jobless for 27 weeks or more was 19.2 percent in February 2020.

What was the lowest unemployment rate in 2020?

Unemployment Rate in the United States averaged 5.77 percent from 1948 until 2020, reaching an all time high of 14.80 percent in April of 2020 and a record low of 2.50 percent in May of 1953.

What is the current US unemployment rate March 2020?

4.5 percentU.S. unemployment rate: 4.5 percent, March 2020.

What state has the highest unemployment rate right now?

New JerseyNew Jersey had the highest unemployment rate in October at 10.2%, followed by Hawaii and Nevada at 10.1% each. Nebraska and Vermont had the lowest rate, each at 3.1%.

What is the highest unemployment rate in US history?

The highest rate of U.S. unemployment was 24.9% in 1933, during the Great Depression. 1 Unemployment remained above 14% from 1931 to 1940. It remained in the single digits until September 1982 when it reached 10.1%. 2 During the Great Recession, unemployment reached 10% in October 2009.

Is US unemployment at an all time low?

After all, the unemployment rate is just 3.7 percent, near its lowest level in almost 50 years. … The Labor Department has a broader monthly statistic that accounts for the dropouts, but it doesn’t get equal billing with the unemployment rate.

Why was unemployment so high in 1982?

July 1981–November 1982. Lasting from July 1981 to November 1982, this economic downturn was triggered by tight monetary policy in an effort to fight mounting inflation. … Indeed, the nearly 11 percent unemployment rate reached late in 1982 remains the apex of the post-World War II era (Federal Reserve Bank of St.

How many people are unemployed in the US 2020?

10.74 million unemployed personsIn December 2020, the national unemployment level of the United States stood at about 10.74 million unemployed persons.

What was the US unemployment rate in April 2020?

14.7 percentThe unemployment rate in April 2020 increased by 10.3 percentage points to 14.7 percent. This is the highest rate and the largest over-the-month increase in the history of the data (available back to January 1948). The number of unemployed persons rose by 15.9 million to 23.1 million in April.