Graph and download economic data for Noncyclical Rate of Unemployment from Q1 1949 to Q4 2034 about NAIRU, long-term, projection, unemployment, rate, and USA.

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.

United States FRBOP Forecast: Unemployment Rate: Mean: sa: Plus 3 Qtrs data was reported at 3.679 % in Mar 2019. This records an increase from the previous number of 3.629 % for Dec 2018. United States FRBOP Forecast: Unemployment Rate: Mean: sa: Plus 3 Qtrs data is updated quarterly, averaging 5.788 % from Dec 1968 (Median) to Mar 2019, with 202 observations. The data reached an all-time high of 9.992 % in Mar 1983 and a record low of 3.629 % in Dec 2018. United States FRBOP Forecast: Unemployment Rate: Mean: sa: Plus 3 Qtrs data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s United States – Table US.G025: Current Population Survey: Unemployment Rate: Seasonally Adjusted: Forecast: Federal Reserve Bank of Philadelphia.

The seasonally-adjusted national unemployment rate is measured on a monthly basis in the United States. In October 2024, the national unemployment rate was at 4.1 percent. Seasonal adjustment is a statistical method of removing the seasonal component of a time series that is used when analyzing non-seasonal trends. U.S. monthly unemployment rate According to the Bureau of Labor Statistics - the principle fact-finding agency for the U.S. Federal Government in labor economics and statistics - unemployment decreased dramatically between 2010 and 2019. This trend of decreasing unemployment followed after a high in 2010 resulting from the 2008 financial crisis. However, after a smaller financial crisis due to the COVID-19 pandemic, unemployment reached 8.1 percent in 2020. As the economy recovered, the unemployment rate fell to 5.3 in 2021, and fell even further in 2022. Additional statistics from the BLS paint an interesting picture of unemployment in the United States. In November 2023, the states with the highest (seasonally adjusted) unemployment rate were the Nevada and the District of Columbia. Unemployment was the lowest in Maryland, at 1.8 percent. Workers in the agricultural and related industries suffered the highest unemployment rate of any industry at seven percent in December 2023.

Graph and download economic data for FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Central Tendency, Midpoint (GDPC1CTM) from 2025 to 2027 about projection, real, GDP, rate, and USA.

Employment Rate in the United States decreased to 59.90 percent in February from 60.10 percent in January of 2025. This dataset provides - United States Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States FRBOP Forecast: Unemployment Rate: Median: sa: Plus 1 Qtr data was reported at 3.867 % in Jun 2018. This records a decrease from the previous number of 3.980 % for Mar 2018. United States FRBOP Forecast: Unemployment Rate: Median: sa: Plus 1 Qtr 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 10.300 % in Mar 1983 and a record low of 3.600 % in Jun 1969. United States FRBOP Forecast: Unemployment Rate: Median: sa: Plus 1 Qtr 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.

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

The Gross Domestic Product (GDP) in the United States expanded 2.50 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides the latest reported value for - United States GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, it was estimated that over 161 million Americans were in some form of employment, while 3.64 percent of the total workforce was unemployed. This was the lowest unemployment rate since the 1950s, although these figures are expected to rise in 2023 and beyond. 1980s-2010s Since the 1980s, the total United States labor force has generally risen as the population has grown, however, the annual average unemployment rate has fluctuated significantly, usually increasing in times of crisis, before falling more slowly during periods of recovery and economic stability. For example, unemployment peaked at 9.7 percent during the early 1980s recession, which was largely caused by the ripple effects of the Iranian Revolution on global oil prices and inflation. Other notable spikes came during the early 1990s; again, largely due to inflation caused by another oil shock, and during the early 2000s recession. The Great Recession then saw the U.S. unemployment rate soar to 9.6 percent, following the collapse of the U.S. housing market and its impact on the banking sector, and it was not until 2016 that unemployment returned to pre-recession levels. 2020s 2019 had marked a decade-long low in unemployment, before the economic impact of the Covid-19 pandemic saw the sharpest year-on-year increase in unemployment since the Great Depression, and the total number of workers fell by almost 10 million people. Despite the continuation of the pandemic in the years that followed, alongside the associated supply-chain issues and onset of the inflation crisis, unemployment reached just 3.67 percent in 2022 - current projections are for this figure to rise in 2023 and the years that follow, although these forecasts are subject to change if recent years are anything to go by.

United States FRBOP Forecast: Unemployment Rate: Mean: sa: Plus 4 Qtrs data was reported at 3.694 % in Mar 2019. This records an increase from the previous number of 3.632 % for Dec 2018. United States FRBOP Forecast: Unemployment Rate: Mean: sa: Plus 4 Qtrs data is updated quarterly, averaging 5.758 % from Dec 1968 (Median) to Mar 2019, with 197 observations. The data reached an all-time high of 9.859 % in Mar 1983 and a record low of 3.632 % in Dec 2018. United States FRBOP Forecast: Unemployment Rate: Mean: 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 United States – Table US.G025: Current Population Survey: Unemployment Rate: Seasonally Adjusted: Forecast: Federal Reserve Bank of Philadelphia.

Employment Cost Index in the United States increased to 0.90 percent in the fourth quarter of 2024 from 0.80 percent in the third quarter of 2024. This dataset provides - United States Employment Cost Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Natural Rate of Unemployment (Short-Term) (DISCONTINUED) from Q1 1949 to Q4 2031 about NAIRU, short-term, projection, unemployment, rate, and USA.

As of the third quarter of 2024, the GDP of the U.S. grew by 2.8 percent from the second quarter of 2024. GDP, or gross domestic product, is effectively a count of the total goods and services produced in a country over a certain period of time. It is calculated by first adding together a country’s total consumer spending, government spending, investments and exports; and then deducting the country’s imports. The values in this statistic are the change in ‘constant price’ or ‘real’ GDP, which means this basic calculation is also adjusted to factor in the regular price changes measured by the U.S. inflation rate. Because of this adjustment, U.S. real annual GDP will differ from the U.S. 'nominal' annual GDP for all years except the baseline from which inflation is calculated. What is annualized GDP? The important thing to note about the growth rates in this statistic is that the values are annualized, meaning the U.S. economy has not actually contracted or grown by the percentage shown. For example, the fall of 29.9 percent in the second quarter of 2020 did not mean GDP is suddenly one third less than a year before. In fact, it means that if the decline seen during that quarter continued at the same rate for a full year, then GDP would decline by this amount. Annualized values can therefore exaggerate the effect of short-term economic shocks, as they only look at economic output during a limited period. This effect can be seen by comparing annualized quarterly growth rates with the annual GDP growth rates for each calendar year.

The statistic shows the growth rate of the real gross domestic product (GDP) in the United States from 2019 to 2023, with projections up until 2029. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2023, the growth of the real gross domestic product in the United States was around 2.53 percent compared to the previous year. See U.S. GDP per capita and the US GDP for more information.

Real gross domestic product (GDP) of the United States

The gross domestic product (GDP) of a country is a crucial economic indicator, representing the market value of the total goods and services produced and offered by a country within a year, thus serving as one of the indicators of a country’s economic state. The real GDP of a country is defined as its gross domestic product adjusted for inflation.

An international comparison of economic growth rates has ranked the United States alongside other major global economic players such as China and Russia in terms of real GDP growth. With further growth expected during the course of the coming years, as consumer confidence continues to improve, experts predict that the worst is over for the United States economy.

A glance at US real GDP figures reveals an overall increase in growth, with sporadic slips into decline; the last recorded decline took place in Q1 2011. All in all, the economy of the United States can be considered ‘well set’, with exports and imports showing positive results. Apart from this fact, the United States remains one of the world’s leading exporting countries, having been surpassed only by China and tailed by Germany. It is also ranked first among the top global importers. Despite this, recent surveys revealing Americans’ assessments of the U.S. economy have yielded less optimistic results. Interestingly enough, this consensus has been mutual across the social and environmental spectrum. On the other hand, GDP is often used as an indicator for the standard of living in a country – and most Americans seem quite happy with theirs.

United States US: Employment: % Change data was reported at 1.534 % in Jun 2018. This records a decrease from the previous number of 1.623 % for Mar 2018. United States US: Employment: % Change data is updated quarterly, averaging 1.646 % from Mar 1949 (Median) to Jun 2018, with 278 observations. The data reached an all-time high of 5.110 % in Jun 1984 and a record low of -4.081 % in Sep 2009. United States US: Employment: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.IFS: Labour Force, Employment and Unemployment: Quarterly.

Graph and download economic data for Projected Business Formations Within 4 Quarters for the United States (DISCONTINUED) (PBF4QSAUS) from Q3 2004 to Q4 2019 about business formations, projection, business, and USA.

United States US: Labour Force: % Change data was reported at 1.078 % in Jun 2018. This records an increase from the previous number of 1.048 % for Mar 2018. United States US: Labour Force: % Change data is updated quarterly, averaging 1.363 % from Mar 1949 (Median) to Jun 2018, with 278 observations. The data reached an all-time high of 3.930 % in Dec 1955 and a record low of -0.888 % in Dec 2009. United States US: Labour Force: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.IFS: Labour Force, Employment and Unemployment: Quarterly.

United States US: Employment Index data was reported at 112.136 2010=100 in Jun 2018. This records an increase from the previous number of 110.771 2010=100 for Mar 2018. United States US: Employment Index data is updated quarterly, averaging 72.841 2010=100 from Mar 1948 (Median) to Jun 2018, with 282 observations. The data reached an all-time high of 112.136 2010=100 in Jun 2018 and a record low of 40.537 2010=100 in Mar 1950. United States US: Employment Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.IFS: Labour Force, Employment and Unemployment: Quarterly.

United States GDP: Deflator: Total Domestic Expenditure data was reported at 1.299 Index, 2017 in Dec 2026. This records an increase from the previous number of 1.292 Index, 2017 for Sep 2026. United States GDP: Deflator: Total Domestic Expenditure data is updated quarterly, averaging 0.649 Index, 2017 from Mar 1960 (Median) to Dec 2026, with 268 observations. The data reached an all-time high of 1.299 Index, 2017 in Dec 2026 and a record low of 0.152 Index, 2017 in Mar 1960. United States GDP: Deflator: Total Domestic Expenditure data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.EO: GDP: Deflator: Forecast: OECD Member: Quarterly. PTDD - Total domestic expenditure, deflatorIndex, national reference year