What is the current unemployment rate in the US?
According to the US Bureau of Labor and Statistics report, the current rate as of May 2021 is 5.8%. It represents 9.3 million people that are looking for jobs. This is a decent number, which makes the job market quite competitive. But it is still significantly lower than the rate during the COVID-19 pandemic. In May 2020, the unemployment rate was 13%, so the overall tendency is positive. However, the numbers have not yet reached the pre-pandemic statistics.
The current unemployment rate in the US is 5.8% as for the report published by the US Bureau of Labor and Statistics. It is the most recent data as it was released in June 2021. It means that there are about 9.3 million unemployed citizens as of now. This number is not as low as the pre-pandemic statistics. Yet, it is almost twice lower than a year before that. In May 2020 the rate was about 13%.
As of May 2021, the unemployment rate in the US has dropped to 5.8%; this is about 9.3 million people. The US Bureau of Labor and Statistics has recently released its report on this matter. They highlight the positive trend to the decreasing number of unemployed citizens, especially in comparison to the previous year. The unemployment rate in the US in May 2020 was 13%. But the market has not yet reached the pre-pandemic statistics. In February 2020 the rate was about 3.5%.