US Unemployment Rate — Release Schedule
The US Unemployment Rate is released alongside Non-Farm Payrolls on the first Friday of each month — together they drive the biggest monthly USD move.
About US Unemployment Rate
The Unemployment Rate measures the percentage of the US labor force that is actively looking for work but unemployed. It releases at 08:30 ET (13:30 UTC) on the first Friday of each month.
Released simultaneously with NFP, Average Hourly Earnings, and the Labor Force Participation Rate — the combination is what drives the market reaction.
The Fed's dual mandate includes maximum employment — a rising unemployment rate typically increases odds of rate cuts and weakens USD.
How US Unemployment Rate moves forex markets
- Treat this release as part of NFP — the market reaction is the combined read across NFP, Unemployment, and wages.
- A falling unemployment rate with strong NFP and hot wages is the most hawkish combination — strongest USD reaction.
Frequently asked questions
When is the Unemployment Rate released?
Monthly at 08:30 ET (13:30 UTC) on the first Friday, alongside Non-Farm Payrolls.