Current US Unemployment: 4.00% (+8.1% vs last year)
Jan 2025
| Historical average: | 5.7% |
Unemployment rate.
The unemployment rate is calculated using the following formula: Unemployment Rate = (Unemployed People / Labor Force) × 100
Where:
Unemployed People: Individuals who are actively looking for work but cannot find a job.
Labor Force: The sum of employed and unemployed people (not including those who are retired, students, discouraged workers, or others who are not actively looking for work).
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Source:
- US Bureau of Labor Statistics