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%

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