U.S. unemployment rate 2024, by occupation
In October 2024, the unemployment rate for those aged 16 and over in the United States came to 3.9 percent. Service occupations had an unemployment rate of 5.3 percent in that month.
The underemployment rate of the country can be accessed here and the monthly unemployment rate here.
Unemployment by occupation in the U.S.
The United States Bureau of Labor Statistics publish data on the unemployment situation within certain occupations in the United States on a monthly basis. According to latest data released from May 2023, transportation and material moving occupations experienced the highest level of unemployment that month, with a rate of around 5.6 percent. Second ranked was farming, fishing, and forestry occupations with a rate of 4.9 percent. Total (not seasonally adjusted) unemployment was reported at 3.6 percent in March 2023. Other data on the U.S. unemployment rate by industry and class of worker shows comparable results.
It should be noted that the data were not seasonally adjusted to account for normal seasonal fluctuations in unemployment. The monthly unemployment by occupation data can be compared to the seasonally adjusted monthly unemployment rate. In March 2023, the seasonally adjusted unemployment rate was 3.5 percent, which was an increase from the previous month. The annual unemployment rate in 2022 was 3.6 percent, down from a high of 9.6 in 2010.
Unemployment in the United States trended downward after the coronavirus pandemic, and is now experiencing consistently low rates - a sign of economic stability. Individuals who opt to leave the workforce and stop looking for employment are not included among the unemployed. The civilian labor force participation rate in the U.S. rose to 62.2 percent in 2022, down from 67.1 percent in 2000, before the financial crisis.
