Us Unemployment Rate 2024 Projection. Economy suffered an unexpected setback in july as hiring fell sharply and the. A declining labor force participation rate and an aging population.

The unemployment rate ticked up to 4.1% in june, up from 3.9% and 4.0% in april and may. With cpi inflation down to 3.1 percent in november, the unemployment rate still hovering below 4 percent and u.s.