Us Employment Rate 2024

Us Employment Rate 2024. A declining labor force participation rate and an aging population are expected to contribute to the slow rate of labor force growth. Still, 4.1% is an historically low unemployment rate, 17 th percentile of unemployment rates since 1990.

The labor department’s closely watched employment report on friday also showed the unemployment rate rising to 3.9% from 3.8% in march amid increasing labor. From december 2022 to december 2023, payrolls grew by 2.7 million, or.