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Labor Market

Jobs & Labor Market Dashboard

U.S. unemployment rate — the share of the labor force that is jobless and actively looking for work.

Latest Unemployment Rate
4.2%
↓ 0.1 pts vs prior month
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Live: Last 24 Months

Source: FRED (UNRATE)
Jul 2024Range: 4.00% – 4.50%Jun 2026

Historical: Full Available Range

Source: FRED (UNRATE)
Jul 2001Range: 3.40% – 14.80%Jun 2026

Key Takeaways

  • •The labor market has been cooling gradually rather than sharply, consistent with a soft-landing scenario.
  • •Layoffs remain historically low even as hiring has slowed, keeping the unemployment rate range-bound.
  • •The Fed watches this figure closely alongside wage growth when weighing rate decisions.
AI EXPLANATION

AI-generated analysis of the latest jobs report, hiring trends, and what it means for workers and markets will appear here once the AI summary integration is connected.