As of September 2018, the unemployment rate in the US declined to 3.7 percent.
Unemployment and Credit Score
Credit reports do not show whether an unemployment filing or claim has been made. What the credit report does show is your credit and debt history, bankruptcy claims, tax liens, and civil judgments, if any.
Therefore, being unemployed in it itself does not directly affect your credit score or history, if you're filing for unemployment. It will also not affect the credit score if you have some other source of income, or find a job almost immediately.
On the other hand, even though credit bureaus will notice a fall or halt in your income, that won't affect your credit score if you can somehow manage to pay your dues and bills on time. Piling up credit balance and missing on credit card payments, mortgage or loans, are some detrimental credit-related behavior that will adversely affect your credit score.
Tips to Maintain Your Credit During Unemployment
This fund should comprise your usual monthly payments and general expenses, so that, in case you do lose your job in the future, and once the 26-week benefits are availed, you still have some savings dedicated specifically for paying off your debts and bills, apart from your own expenses.
Try to avoid making any further credit charges during your course of unemployment. Instead, try to reduce your current expenses, and also avoid incurring new debts.
The State Unemployment Handbook allows its applicants to earn up to half of their weekly unemployment benefit check through part-time jobs. So, doing a part-time job can help you pay off a part of your bills on time, because late payments affect the credit score and the credibility of the card owner.