Unemployment Rate

Share of the labor force that is unemployed

Historically follows Initial Unemployment Claims (SA) by 1 quarter — no active signal. Initial Unemployment Claims (SA) · View projections

What is the current Unemployment Rate?

UNEMPLOYMENT RATE (U-3)
4.4%
of the labor force is unemployed

The U.S. unemployment rate (U-3) measures the share of the labor force that is actively seeking work but cannot find it. As the headline employment statistic, it is the most widely watched measure of labor market health, though it understates true labor market slack by excluding discouraged workers and involuntary part-time workers. Source: Bureau of Labor Statistics, Current Population Survey.

Unemployment Rate at 4.3%

Tracking improving relative to recent baseline.

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How has Unemployment Rate changed over time?

CSV Chart Card
Unemployment Rate over time
U.S. unemployment rate, seasonally adjusted
Unemployment Rate
Historical data
Monthly · BLS via FRED
Period Value YoY Change
Feb 2026 4.4% +0.2 pts
Jan 2026 4.3% +0.3 pts
Dec 2025 4.4% +0.3 pts
Nov 2025 4.5% +0.3 pts
Sep 2025 4.4% +0.3 pts
Aug 2025 4.3% +0.1 pts
Jul 2025 4.3% +0.1 pts
Jun 2025 4.1% +0.0 pts
May 2025 4.3% +0.4 pts
Apr 2025 4.2% +0.3 pts
Mar 2025 4.2% +0.3 pts
Feb 2025 4.2% +0.3 pts

Frequently Asked Questions

What is the current U.S. unemployment rate?

The U.S. unemployment rate (U-3) is published monthly by the Bureau of Labor Statistics. It measures the share of the civilian labor force that is jobless and actively seeking employment. Check the American Default indicator page for the latest reading.

Why does the unemployment rate understate labor market weakness?

The U-3 rate only counts people actively looking for work. It excludes discouraged workers who have stopped searching and people working part-time who want full-time hours. The broader U-6 measure, which includes these groups, is typically 3–4 percentage points higher.

Where does unemployment data come from?

The Bureau of Labor Statistics publishes the unemployment rate monthly based on the Current Population Survey (CPS), a monthly survey of approximately 60,000 households. The data is released on the first Friday of each month.

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Why does Unemployment Rate matter?

Unemployment Rate is one of 91 indicators in the American Distress Index's labor market layer — the signal that predicted the 2008 crisis two years before delinquency data confirmed it.
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