Unemployment Rate 2024 Usa Today. The labor force participation rate unexpectedly dropped, to. Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

The unemployment rate in the united states eased to 4.2% in august of 2024 from the october 2021 high of 4.3% in the prior month, aligning with market expectations. The unemployment rate was 3.4% at the beginning of 2023 and 3.7% by the end.