U.S. Unemployment Rate
Currency: US Dollar
Country: United States
Previous value: 6.2%
Market reaction - market price changing right after the data has been published. Follow past market changes by choosing tiker and event date.
The Unemployment Rate published by the US Department of Labor determines the percentage of the total workforce that is unemployed but actively looking for work and ready to work in the US. It is calculated by dividing the number of unemployed by the total workforce. A high unemployment rate indicates weakness in the labor market and economic recession. If the economy is growing, this indicator will be decreasing. So a low result is a positive indicator for the labor market in the US and should be taken as a positive/bullish factor for the USD. Although only this number can't be the main reason for market volatility as it depends on the headline reading, the Nonfarm Payroll.
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