The unemployment rate in fiscal year 2204 rose to 3.9 percent. The unemployment rate of the United States which has been steadily decreasing since the 2008 financial crisis, spiked to 8.1 percent in 2020 due to the COVID-19 pandemic. The annual unemployment rate of the U.S. since 1990 can be found here. Falling unemployment The unemployment rate, or the part of the U.S. labor force that is without a job, fell again in 2022 after peaking at 8.1 percent in 2020 - a rate that has not been seen since the years following the 2008 financial crisis. The financial crash caused unemployment in the U.S. to soar from 4.6 percent in 2007 to 9.6 percent in 2010. Since 2010, the unemployment rate had been steadily falling, meaning that more and more people are finding work, whether that be through full-time employment or part-time employment. However, the affects of the COVID-19 pandemic created a spike in unemployment across the country. U.S. unemployment in comparison Compared to unemployment rates in the European Union, U.S. unemployment is relatively low. Greece was hit particularly hard by the 2008 financial crisis and faced a government debt crisis that sent the Greek economy into a tailspin. Due to this crisis, and the added impact of the pandemic, Greece still has the highest unemployment rate in the European Union.

Unemployment Rate in the United States remained unchanged at 4.20 percent in May. This dataset provides the latest reported value for - United States Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The USA: Unemployment rate forecast: The latest value from 2030 is 3.76 percent, a decline from 3.8 percent in 2029. In comparison, the world average is 6.28 percent, based on data from 100 countries. Historically, the average for the USA from 1980 to 2030 is 5.82 percent. The minimum value, 3.63 percent, was reached in 2023 while the maximum of 9.71 percent was recorded in 1982.

Graph and download economic data for FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, High (UNRATECTH) from 2025 to 2027 about projection, civilian, unemployment, rate, and USA.

Big data generated from the Internet offer great potential for predictive analysis. Here we focus on using online users’ Internet search data to forecast unemployment initial claims weeks into the future, which provides timely insights into the direction of the economy. To this end, we present a novel method Penalized Regression with Inferred Seasonality Module (PRISM), which uses publicly available online search data from Google. PRISM is a semiparametric method, motivated by a general state-space formulation, and employs nonparametric seasonal decomposition and penalized regression. For forecasting unemployment initial claims, PRISM outperforms all previously available methods, including forecasting during the 2008–2009 financial crisis period and near-future forecasting during the COVID-19 pandemic period, when unemployment initial claims both rose rapidly. The timely and accurate unemployment forecasts by PRISM could aid government agencies and financial institutions to assess the economic trend and make well-informed decisions, especially in the face of economic turbulence.

Abstract of associated article: This paper evaluates the flow approach to unemployment forecasting proposed by Barnichon and Nekarda (2012) for a set of OECD countries characterized by very different labor markets. We find that the flow approach yields substantial improvements in forecast accuracy over professional forecasts for all countries, with especially large improvements at longer horizons (one-year ahead forecasts) for European countries. Moreover, the flow approach has the highest predictive ability during recessions and turning points, when unemployment forecasts are most valuable.

The average for 2025 based on 101 countries was 6.64 percent. The highest value was in Sudan: 61.99 percent and the lowest value was in Thailand: 1 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

United States FRBOP Forecast: Unemployment Rate: Median: sa data was reported at 3.900 % in Jun 2018. This records a decrease from the previous number of 4.035 % for Mar 2018. United States FRBOP Forecast: Unemployment Rate: Median: sa data is updated quarterly, averaging 5.900 % from Dec 1968 (Median) to Jun 2018, with 199 observations. The data reached an all-time high of 10.500 % in Mar 1983 and a record low of 3.500 % in Jun 1969. United States FRBOP Forecast: Unemployment Rate: Median: sa data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.G022: Current Population Survey: Unemployment Rate: Seasonally Adjusted: Forecast: Federal Reserve Bank of Philadelphia.

According to the forecast published in September 2024, the unemployment rate in Switzerland will average 2.4 percent in 2024 according to the national definition. The unemployment rate represents the proportion of unemployed people in the total civilian labor force and is an indicator of the labor market and employment situation as well as part of the unemployment statistics.

Mexico: Unemployment rate forecast: The latest value from 2030 is 3.58 percent, a decline from 3.59 percent in 2029. In comparison, the world average is 6.28 percent, based on data from 100 countries. Historically, the average for Mexico from 1980 to 2030 is 3.76 percent. The minimum value, 0.9 percent, was reached in 1981 while the maximum of 6.23 percent was recorded in 1995.

Georgia: Unemployment rate forecast: The latest value from 2030 is 13.9 percent, unchanged from 13.9 percent in 2029. In comparison, the world average is 6.28 percent, based on data from 100 countries. Historically, the average for Georgia from 1996 to 2030 is 16.96 percent. The minimum value, 7.55 percent, was reached in 1997 while the maximum of 27.2 percent was recorded in 2010.

According to the source, the unemployment rate in Spain reached nearly 12.2 percent in 2023. For the following year, the rate of unemployment was forecasted to fall around 0.8 percentage points.

Unemployment Rate in Germany remained unchanged at 6.30 percent in June. This dataset provides the latest reported value for - Germany Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

According to a forecast by the Ministry of Finance, the unemployment rate in Finland will be *** percent in 2025. The unemployment rate is estimated to decline slowly in the coming years.

Poland's unemployment rate is projected to reach *** percent in 2025, and increase to ***** percent in 2027.

FRBOP Forecast: Unemployment Rate: Median: sa: Plus 4 Qtrs data was reported at 3.746 % in Jun 2018. This records a decrease from the previous number of 3.800 % for Mar 2018. FRBOP Forecast: Unemployment Rate: Median: sa: Plus 4 Qtrs data is updated quarterly, averaging 5.825 % from Dec 1968 (Median) to Jun 2018, with 194 observations. The data reached an all-time high of 9.800 % in Dec 2009 and a record low of 3.746 % in Jun 2018. FRBOP Forecast: Unemployment Rate: Median: sa: Plus 4 Qtrs data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.G022: Current Population Survey: Unemployment Rate: Seasonally Adjusted: Forecast: Federal Reserve Bank of Philadelphia.

There has been a resurgence of interest in dynamic factor models for use by policy advisors. Dynamic factor methods can be used to incorporate a wide range of economic information when forecasting or measuring economic shocks. This article introduces dynamic factor models that underlie the data-rich methods and also tests whether the data-rich models can help a benchmark autoregressive model forecast alternative measures of inflation and real economic activity at horizons of 3, 12, and 24 months ahead. The authors find that, over the past decade, the data-rich models significantly improve the forecasts for a variety of real output and inflation indicators. For all the series that they examine, the authors find that the data-rich models become more useful when forecasting over longer horizons. The exception is the unemployment rate, where the principal components provide significant forecasting information at all horizons.

Unemployment Rate In the Euro Area decreased to 6.20 percent in April from 6.30 percent in March of 2025. This dataset provides the latest reported value for - Euro Area Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Vietnam: Unemployment rate forecast: The latest value from 2030 is 1.93 percent, unchanged from 1.93 percent in 2029. In comparison, the world average is 6.28 percent, based on data from 100 countries. Historically, the average for Vietnam from 1990 to 2030 is 4.46 percent. The minimum value, 1.93 percent, was reached in 2028 while the maximum of 12.33 percent was recorded in 1990.

In 2022, the unemployment rate in Nigeria is estimated to reach 33 percent. This figure was projected to at 32.5 percent in the preceding year.

Chronological data show that the unemployment rate in Nigeria rose constantly in the past years. In the fourth quarter of 2020, over 33 percent of the labor force was unemployed, according to the Nigerian methodology.