Employment & Unemployment

• Employment Rate: 60.4%
• Unemployment Rate: 3.6% 
• Underemployment Rate: 12.5% 
• Youth (16 to 24) Unemployment Rate: 7.9%

 Job Openings & Labor Force Participation

• Job openings were at 7.02 million on the last business day of September 
• Jobs Openings Rate: 4.4% 
• Labor Force Participation Rate: 63.3% 
• Civilian Labor Force in the US: 162.07 million

Hires & Turnover

• Number of hires were at 5.9 million on the last business day of September 
• Hires Rate: 3.9% 
• Turnover Rate: 3.8% 
• Separations: 5.8 million 
• Quits Rate: 2.3% 
• Layoffs and Discharges Rate: 1.3% 

Bonus Number

• Projected Unemployment Rate in 2029: 4.7%