Usa Unemployment Rate 2024. The unemployment rate rose to 4.3 percent in july, and nonfarm payroll employment edged up by 114,000, the u.s. Employment continued to trend up in health care, in construction, and in transportation and warehousing, while information lost jobs.

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Fed minutes point to ‘likely’ rate cut coming in september.