US Unemployment Rate

Latest: 4.2%

Historical Unemployment Rate

Why Unemployment Matters for Energy

The unemployment rate is a key demand-side indicator for energy markets. Higher employment means more commuting, manufacturing, and economic activity — all of which consume energy.

  • Jobs growth → demand: Each 100K jobs added increases US oil demand by roughly 10-15K bbl/day
  • NFP surprise: A jobs report beating consensus typically pushes oil higher within minutes
  • Recession signal: Unemployment rising above 4.5% historically correlates with demand destruction

Access This Data via API

Add US_UNEMPLOYMENT_RATE or US_NFP to your existing API call.

GETGET /v1/prices/latest?code=BRENT_CRUDE_USD,US_UNEMPLOYMENT_RATE
curl -X GET "https://api.oilpriceapi.comGET /v1/prices/latest?code=BRENT_CRUDE_USD,US_UNEMPLOYMENT_RATE"

Sample Response

{
  "prices": [
    {
      "code": "US_UNEMPLOYMENT_RATE",
      "value": 4.2,
      "currency": "PERCENT",
      "source": "fred_api"
    }
  ]
}
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