)7.06% (2019 est. Which countries have the highest public debt levels? You have to look at what the total workforce was in 2019 )28.39% (2020 est. ), 17.95% (2021 est. The one-month delayed December 2019 Labour Force survey was conducted in New Providence only, due to the devastation of Hurricane Dorian on both Abaco and Grand Bahama. Still, 2019 has seen a marked slowdown. )13.99% (2019 est. ), 16.91% (2021 est. )3.67% (2019 est. )21% (2020 est. )11.18% (2020 est. ), 8.53% (2021 est. )9.95% (2019 est. )note: these official rates may not include those working at near-subsistence farming, 12.7% (2021 est. )6.59% (2019 est. ), 13.03% (2021 est. )7.18% (2020 est. Both of these times were notable recessionary periods. )note: official rate; unofficial rate is approximately 30%, 4.9% (2021 est. )5.1% (2019 est. )5.75% (2019 est. )5.99% (2019 est. In our latest insight piece, we look at the economic outlook in the coming years for Asias two largest economies. ), 4.01% (2021 est. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com). At other times, the health of the U.S. economy has sent unemployment to record heights. ), 6.43% (2021 est. ), 30.5% (2017 est. )3.8% (2019 est. That could lead to less economic output and a lower rate of GDP. Conversely, for those who had completed university, the proportion of unemployed and females 15 percent was higher than for males at five percent. > Tenure: Took office in 2019, currently serving first term > Annual salary: $152,181 (23rd highest of 50 states) > 2022 state unemployment rate: 3.9% (higher than natl avg.) ), 2.75% (2021 est. Unemployment rates for a large state like Texas give a good idea on the health of the economy. )0.33% (2020 est. )NA, 4.35% (2021 est. )4.16% (2019 est. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and educator. ), 1.57% (2021 est. The following table shows how unemployment, GDP, and inflation have changed by year since 1929. ), 16.2% (2021 est. Health care led the way in job creation while retail lost another 11,000, bringing the total to 197,000 in jobs the industry has lost since January 2017. )5.51% (2019 est. 3.8: 3.4: 3.4: 13.8: )note: excludes Gaza Strip, 6.18% (2021 est. Industry sector Job gains/losses The leisure and hospitality industry continues to be hardest hit with payroll job losses year-over-year Washington lost an estimated 189,300 jobs from December 2019 through December 2020, not Here's how the unemployment rate has changed throughout history and how it has compared to gross domestic product (GDP) and inflation. Unemployment Rate etc (WGS) (USD bn), United States GDP: PCE: DG: Others: WGS: Sport & Photo Eqpt, Cycles (SPEC) (USD bn), United States GDP: PCE: DG: Others: WGS: SPEC: Guns (USD bn), United States GDP: PCE: DG: Others: WGS: SPEC: Sporting Equipment (USD bn), United States GDP: PCE: DG: Others: WGS: SPEC: Bicycles (USD bn), United States GDP: PCE: DG: Others: WGS: SPEC: Motorcycles (USD bn), United States GDP: PCE: DG: Others: WGS: SPEC: Photographic Equipment (USD bn), United States GDP: PCE: DG: Others: WGS: Pleasure Boats & Aircrafts (PB&A) (USD bn), United States GDP: PCE: DG: Others: WGS: PB&A: Boats (USD bn), United States GDP: PCE: DG: Others: WGS: PB&A: Aircraft (USD bn), United States GDP: PCE: Nondurable Goods (NG) (USD bn), United States GDP: PCE: NG: Food (USD bn), Current Employment Statistics Survey: Aggregate Weekly Payroll and Hours Index, Current Employment Statistics Survey: Aggregate Weekly Payroll Index: Seasonally Adjusted, Current Employment Statistics Survey: Average Weekly and Hourly Earnings, Current Employment Statistics Survey: Average Weekly and Hourly Earnings: Seasonally Adjusted, Current Employment Statistics Survey: Average Weekly Hours: Production Workers, Current Employment Statistics Survey: Average Weekly Hours: Seasonally Adjusted, Current Employment Statistics Survey: Employment: Non Farm, Current Employment Statistics Survey: Employment: Production Worker: Non Farm, Current Employment Statistics Survey: Employment: Production Worker: Non FarmSeasonally Adjusted, Current Employment Statistics Survey: Employment: Women Worker: Non Farm: Seasonally Adjusted, Current Population Survey: Employment Population Ratio, Current Population Survey: Unemployment Rate, Current Population Survey: Unemployment Rate: Seasonally Adjusted, Employee Benefits Survey: Private Industry, Employment and Unemployment: Forecast: OECD Member: Annual, Job Openings and Labor Turnover Survey: Hires Rate, Job Openings and Labor Turnover Survey: Job Openings Rate, Job Openings and Labor Turnover Survey: Separation Rate, Labour Force, Employment and Unemployment, Labour Force, Employment and Unemployment: Quarterly, National Compensation Survey: Employment Cost Index: Dec 2005=100, Number of Excess Deaths: by States: All Causes excluding COVID-19: Predicted, Productivity and Costs Index: 2005=100: Seasonally Adjusted (Discontinued), Wages, Labour Cost and Employment Index: Annual, ADP National Employment Report: New Methodology, Current Employment Statistics: Birth-Death Adjustment, Current Employment Statistics Survey: Aggregate Weekly Payroll and Hours Index: Production Workers, Current Employment Statistics Survey: Average Hourly Earnings: Production Workers, Current Employment Statistics Survey: Average Weekly and Hourly Earnings: Production Workers, Current Employment Statistics Survey: Average Weekly Hours, Current Employment Statistics Survey: Average Weekly Hours: Production Workers: Seasonally Adjusted, Current Employment Statistics Survey: Diffusion Index, Current Employment Statistics Survey: Employment: Non Farm: sa, Current Employment Statistics Survey: Employment: Production Worker: Non Farm: Seasonally Adjusted, Current Employment Statistics Survey: Employment: Women Worker: Non Farm, Current Population Survey: Employment: Seasonally Adjusted, Current Population Survey: Labour Force: Seasonally Adjusted, Current Population Survey: Unemployment Rate: Projection: Congressional Budget Office, Current Population Survey: Unemployment: Seasonally Adjusted, Job Openings and Labor Turnover Survey: Hires, Job Openings and Labor Turnover Survey: Job Openings, Job Openings and Labor Turnover Survey: Separation, Labour Force, Employment and Unemployment: Annual, Multifactor and Capital Productivity: OECD Member: Annual, National Compensation Survey: Employment Cost Index: Jun 1989=100, Number of Excess Deaths: by States: All Causes, Number of Excess Deaths: by States: All Causes: Predicted, Productivity and Costs Index: 1992=100: Seasonally Adjusted (Discontinued), Productivity and Costs Index: 2009=100: Seasonally Adjusted, Unemployment Rate: By State: Seasonally Adjusted. )3.62% (2019 est. City Average, All items,Select "Retrieve Data," Select More Formatting Options, Uncheck "Original Data Value," Select 12-Month Percent Change," Select "Specify Year Range: 1929 to 2021," Select "Retrieve Data. )19.72% (2020 est. While the low unemployment rate is one sign of economic strength, the weakness in wage growth shows that the central bank remains a good distance from its goal at maintaining an inflation rate around 2%. Malaysia unemployment rate for 2020 was 4.50%, a 1.24% increase from 2019. The CMIE, a private economic think tank cited the decline in labour participation for the unemployment rate decreasing in India. ), 4.8% (2021 est. For European Union countries where monthly LFS information is not available, the monthly unemployed figures are estimated by Eurostat. )17.31% (2019 est. "The labor market is still strong, adding more than enough jobs each month to absorb new entrants to the labor force. ), 14.8% (2021 est. The U.S. ), 6.65% (2021 est. )21.97% (2020 est. Alcoholic Beverages (USD bn), United States GDP: PCE: F&T: Alcoholic Beverages (USD bn), United States GDP: PCE: F&T: Tobacco Products (USD bn), United States GDP: PCE: Clothing, Accessories & Jewelry (USD bn), United States GDP: PCE: Personal Care (USD bn), United States GDP: PCE: Household Operation (USD bn), United States GDP: PCE: Medical Care (USD bn), United States GDP: PCE: Personal Business (USD bn), United States GDP: PCE: Transportation (USD bn), United States GDP: PCE: SE: Transport: User-operated (UT) (USD bn), United States GDP: PCE: SE: Transport: Local (USD bn), United States GDP: PCE: SE: Transport: Intercity (USD bn), United States GDP: PCE: Recreation (USD bn), United States GDP: PCE: Education & Research (USD bn), United States GDP: PCE: Religious & Welfare Activities (USD bn), United States GDP: PCE: Net Foreign Travel & Other (USD bn), United States GDP: PCE: Durable Goods (DG) (USD bn), United States GDP: PCE: DG: Motor Vehicles & Parts (M&P) (USD bn), United States GDP: PCE: DG: MV&P: New Autos (USD bn), United States GDP: PCE: DG: MV&P: New Autos: Domestic (USD bn), United States GDP: PCE: DG: MV&P: New Autos: Foreign (USD bn), United States GDP: PCE: DG: MV&P: Used Autos (USD bn), United States GDP: PCE: DG: MV&P: Used Autos: Net Transactions (USD bn), United States GDP: PCE: DG: MV&P: Used Autos: Used Auto Margin (USD bn), United States GDP: PCE: DG: MV&P: Used Autos: Employee Reimbursement (USD bn), United States GDP: PCE: DG: MV&P: Other Motor Vehicles (OMV) (USD bn), United States GDP: PCE: DG: MV&P: OMV: New & Used Trucks (USD bn), United States GDP: PCE: DG: MV&P: OMV: Recreational (USD bn), United States GDP: PCE: DG: MV&P: Tires, Tubes, Accessories & Other Parts (TTA&O (USD bn), United States GDP: PCE: DG: MV&P: TTA&O: Tires & Tubes (USD bn), United States GDP: PCE: DG: MV&P: TTA&O: Accessories & Parts (USD bn), United States GDP: PCE: DG: Furniture & Household Equipment (F&HE) (USD bn), United States GDP: PCE: DG: FH&E: Furniture incl. ), 25.76% (2021 est. The US Unemployment Rate measures the percentage of total employees in the United States that are a part of the labor force, but are without a job. ), 9.18% (2021 est. ), 3.37% (2021 est. )4.52% (2019 est. WebLabor Force Environment Crime Immigration Other Unemployment Rate Youth Unemployment Rate Participation Rate Unemployment refers to the share of the labor force that is without work but available for and seeking employment. [] All in, a low unemployment environment, and wage gains which are outpacing inflation give a decent backdrop for consumer spending heading into 2020.. )3.42% (2019 est. However, for those who had not completed secondary school, the percentage of unemployed males was 13 percent, higher than that of females. ), 11.81% (2021 est. )13.55% (2020 est. Latest available data for a fixed period, Full and unlimited access to CEIC data for multiple users. Military Strength Ranking 2023: India Among Top 5 Countries With Highest Firepower in the World, Here's Where Pakistan, China and Other Nations Stand on the List. ), 7.53% (2021 est. )note: data are for metropolitan Lima; widespread underemployment, 2.41% (2021 est. "Overall, this report provides more evidence that the labor market is still healthy and does not necessarily increase the likelihood of further rate cuts by the Federal Reserve in the remainder of the year. ), 14.49% (2021 est. )11.47% (2019 est. US Unemployment Rate - YCharts Of that number, 119,425 women and 100,040 men, ages 15 and over were surveyed. )6.7% (2020 est. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 1948 - 2023 | Monthly | % | U.S. Bureau of Labor Statistics. "Top Picks." Utah Unemployment Rate - YCharts WebThe state unemployment rate was 1.1 percentage points lower than the national rate for the month. Data is a real-time snapshot *Data is delayed at least 15 minutes. )3.75% (2019 est. )10.26% (2020 est. Lower consumer spending reduces business revenue, which forces companies to cut more payroll. )8.46% (2020 est. )10.38% (2020 est. ), 14.73% (2021 est. ), 5.46% (2021 est. & Media (USD bn), United States GDP: PCE: DG: FH&E: V&C: Audio Eqpt., Media & Musical Instruments (USD bn), United States GDP: PCE: DG: FH&E: V&C: Audio Equipment (USD bn), United States GDP: PCE: DG: FH&E: V&C: Records, Tapes & Disks (USD bn), United States GDP: PCE: DG: FH&E: V&C: Musical Instruments (USD bn), United States GDP: PCE: DG: FH&E: CPS: Computers & Peripherals (USD bn), United States GDP: PCE: DG: FH&E: V&C: Video/Audio Goods & Musical Instruments (USD bn), United States GDP: PCE: DG: FH&E: Computers, Peripherals & Software (CPS) (USD bn), United States GDP: PCE: DG: FH&E: CPS: Software (USD bn), United States GDP: PCE: DG: FH&E: Other Durable House Furnishings (ODHF) (USD bn), United States GDP: PCE: DG: FH&E: ODHF: Floor Coverings (USD bn), United States GDP: PCE: DG: FH&E: ODHF: Miscellaneous (Mis) (USD bn), United States GDP: PCE: DG: FH&E: ODHF: Mis: Clocks, Lamps & Furnish (USD bn), United States GDP: PCE: DG: FH&E: ODHF: Mis: Blinds, Rods & Other (USD bn), United States GDP: PCE: DG: FH&E: ODHF: Writing Equipment (USD bn), United States GDP: PCE: DG: FH&E: ODHF: Hand Tools (HT) (USD bn), United States GDP: PCE: DG: FH&E: ODHF: HT: Tools, Hardware & Supplies (USD bn), United States GDP: PCE: DG: FH&E: ODHF: HT: Outdoor Eqpt. )8.77% (2019 est. ), 7.9% (2021 est. )11.22% (2019 est. ), 11.21% (2021 est. Unemployment hit a fresh 50-year low in September even though nonfarm payrolls rose by just 136,000 as the economy nears full employment, the Labor Department reported Friday. )6.36% (2020 est. The Texas Unemployment rate measures the percentage of total employees in Texas that are part of the labor force, but are without a job. The Actual U.S. Unemployment Rate in 2019 Was Twice )25.89% (2020 est. A single cookie will be used in your browser to remember your preference not to be tracked. As per the CMIE data, the joblessness rate in the country fell due to the fall in the labour participation rate. Copyright Latestly.com All Rights Reserved. ), 13.24% (2021 est. The unemployment rate in Utah peaked in April 2020 at 10.0% and is now 7.7 percentage points lower. Since, 1929, the U.S. unemployment rate has fluctuated in response to historical events, economic happenings, and policies. )5.16% (2019 est. ), 8.22% (2021 est. )5.64% (2020 est. ), 5.11% (2021 est. )4.65% (2019 est. )22.44% (2019 est. ", U.S. Bureau of Labor Statistics. New monthly estimates of the unemployment rate are calculated for the period 19942019 and find that their average during this 25-year period was 10.7% or 5.0 August was revised up to 168,000 from an initial estimate of 130,000, while July was increased to 166,000 from 159,000, for a net gain of 45,000. In May, the unemployment rate in the county fell to 7.7 percent as compared to 8.5 percent in April. )8.04% (2019 est. )note: Pakistan has substantial underemployment, 12.09% (2021 est. )3.47% (2019 est. )2.22% (2019 est. The report showed that the unemployment rate in New Providence increased to 10.7 percent, up from 9.4 percent on the island in May 2019. )note: about one-third of the people are underemployed, 5.32% (2021 est. They must have actively looked for work during that time frame, as well, and temporarily laid-off workers don't count. What Is the Natural Rate of Unemployment? Since 1929, wars, recessions, and a global pandemic have driven unemployment up. CES National Estimates produces data for the nation, and CES State and Metro Area produces estimates for all 50 States, the District of Columbia, Puerto Rico, the Virgin Islands, and about 450 metropolitan areas and divisions. Federal Reserve officials watch the nonfarm payrolls count for clues as to how the economy is performing. ), 3.57% (2021 est. Current Employment Statistics - CES (National) - U.S. Bureau of )3.81% (2020 est. )4.35% (2019 est. )note: underemployment may be as high as 25%, 3.96% (2021 est. State Labor Department Releases Preliminary May 2023 Area Historical US Unemployment Rate by Year - The Balance Organisation for Economic. ), 24.9% (2021 est. Of the 219,465 persons in the labour force, 26 percent had obtained a bachelor's degree or higher, while 21 percent had no qualifications at all. In 2022, the unemployment rate in Utah was at 2.3 percent. The report showed that the unemployment rate in New Providence increased to 10.7 percent, up from 9.4 percent on the island in May 2019. US Unemployment Rate increased to 3.70% in May 2023, from the previously reported figure of 3.40% in Apr 2023. Access essential information in the shortest time possible. Wages also were a disappointment, with average hourly earnings little changed over the month and up just 2.9% for the year, the lowest increase since July 2018. ), 8.5% (2021 est. 2019 Home : The Economics Daily - U.S. Bureau of Labor Statistics Overall, when examined by sex, the unemployment rate for men was higher at 9.1 percent compared to 8.5 percent for women. )6.69% (2020 est. )20.62% (2019 est. To recap last weeks statewide press release, New York States seasonally adjusted unemployment rate decreased from 4.0% in April to 3.9% in May )3.06% (2019 est. The number of people unemployed in Utah peaked in April 2020 at 162,505. )5.36% (2020 est. )7.41% (2020 est. )6.58% (2020 est. )1.75% (2019 est. )0.72% (2019 est. )12.52% (2019 est. )5.44% (2019 est. Malaysia Unemployment Rate 1991 ), 16.82% (2021 est. ), 10.9% (2021 est. ), 19.25% (2021 est. State Labor Department Releases Preliminary May 2023 Area )7.68% (2020 est. )2.45% (2019 est. )10.51% (2019 est. )5.03% (2020 est. )7.86% (2020 est. The jobless rate in September dropped 0.2 percentage points to 3.5%, the lowest since December 1969. Texas Unemployment Rate is at 4.10%, compared to 4.00% last month and 3.80% last year. Afghanistan 13.28% (2021 est.) Countries With Most Nuclear Weapons List 2023: Russia, US and China Top 3 Nations With Highest Number of Nuclear Weapons, Know How Many Nuclear Warheads India and Pakistan Have. Besides, the strength of the urban labour force also fell from 147 million in April to 142.5 million in May. )4.17% (2019 est. )21.21% (2020 est. ), 8.88% (2021 est. The average work week was little changed at 34.4 hours. Unemployment Rate in India Falls to 7.7% in May 2023 From 8.5% in April 2023, Jobs in Urban Areas Decline by Instant access to full history data in excel. ), 1.61% (2021 est. WebIn 2019, the unemployment rate averaged 6.1 percent for Blacks, 6.1 percent for American Indians and Alaska Natives, 5.3 percent for people of Two or More Races, 3.3 percent for )16.43% (2020 est. While New Providence and Grand Bahama, both registered 16 percent of interest is the fact that men dominated the self-employed categories on all islands.. The report comes amid uncertain times for the economy, with fears escalating that weakness abroad will bleed into the U.S. and possibly cause a recession. )4.5% (2019 est. Mumbai, June 28:The HSBC bank recently warned of a recession in the United States this year and in Europe in 2024. Access essential information in the shortest possible time. ), 9.79% (2021 est. When an economy begins to improve after a recession, for example, the unemployment rate may continue to worsen for some time. However, the unemployment rate of May 2023 shows a fall of 0.8 percent. U.S. Bureau of Labor Statistics. ), 0.26% (2021 est. )13.3% (2020 est. ), 7.72% (2021 est. )1.58% (2020 est. )NA, 19.86% (2021 est. )0.75% (2019 est. )2.62% (2020 est. )8.41% (2019 est. "Unemployment Rates for States.". ), 3.01% (2021 est. )6.04% (2019 est. )2.93% (2019 est. All Rights Reserved. The unemployment rate is a lagging indicator. WebOECD Data Unemployment rate Related topics Jobs The unemployed are people of working age who are without work, are available for work, and have taken specific steps )3.02% (2019 est. Privacy policy. )4.82% (2020 est. )19.99% (2019 est. ), 4.33% (2021 est. )1.86% (2019 est. )12.3% (2019 est. )7.29% (2019 est. )4.8% (2019 est. )4.69% (2019 est. )4.59% (2020 est. The Most and Least Popular Governors in America - 24/7 Wall St. 11.47% (2019 est.) )note: official rate; actual rate is lower as many technically unemployed persons work in the gray economy, 24.72% (2021 est. The full report will be released on the departments website on July 15. )5.35% (2020 est. 4.0: 3.6: 3.6: 12.9: 3.5: 6.9: 3.0: 4.7: Feb 2019. , US Initial Claims for Unemployment Insurance, US Continued Claims for Unemployment Insurance. )4.89% (2020 est. )28.47% (2019 est. Shahid Kapoor and Mira Rajput Set Couple Goals With This Loved-Up Pic From Their Vacay in Greece! Instant access to full history data in excel. NEW OBITUARIES NOW UNDER ARCHIVES/TRIBUNE PDF EDITION. From a post peak low of 2.2% in December 2021, the unemployment rate has now grown by 0.1 percentage points. )12.47% (2019 est. Contents of this site are Copyright 2023 Ellington. ), 22.26% (2021 est. ), 3.62% (2021 est. ), 10.45% (2021 est. )8.01% (2020 est. From a recent trough of 37,659 in February 2022, the number of unemployed has now grown by 3,658.