Commentary 25829 b
August, 2017 Data:
The annual US unemployment rate in August, 2017 was 4.50%. That's 0.10%
percent lower than the July, 2017 unemployment rate of 4.60%. It is 0.50%
percent lower than the August, 2016 unemployment rate of 5.00%. The fall in
unemployment rates from July to August indicates that the short term
unemployment rate trend has been down. If that trend continues, we should see
an unemployment rate in September, 2017 that is close to 4.40%.
The National Unemployment Rate one year ago was 5.00%. The average rate
over the last year was 4.57%. The average rate over the last 10 years was
7.01%. Lower rates over the last 12 months compared to the average rates
over the last 10 years serve as an indicator that the long term trend in the US
unemployment rate is down. Unemployment rate expectations should be
Forecast-Chart.com's historical research covers US unemployment rate data
back to January, 1948. The average annual unemployment rate during that
period of history was 5.80%. The highest rate was 10.80%. The lowest rate was
2.50%. The high was attained in November of 1982. The low was achieved in
May of 1953. Recent rates experienced in August of 2017 are low relative to the
historical 5.80% average.
This page provides a five year chart for US unemployment rates. For links to
more information on US unemployment rates, look at the links under the five
year chart (above). One link opens a ten year chart. Another opens a sixty year
graph of the National Unemployment Rate.
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|US National Unemployment rate - 60 Year Graph
|USA Unemployment Rate Graph
The above graph shows monthly USA National Unemployment rate. Measurement is in Percent (not
seasonally adjusted). For the forecast and other links related to this economic indicator, click the
links below. Updated Monday, February 1, 2016.
Current Unemployment Rate News: