U.S. unemployment rate 2024, by industry and class of worker
In October 2024, the leisure and hospitality industry had the highest unemployment rate in the United States, at six percent. In comparison, self-employed workers, unincorporated, and unpaid family workers had the lowest unemployment rate, at 3.4 percent. The average for all industries was 3.9 percent.
U.S. unemployment
There are several factors that impact unemployment, as it fluctuates with the state of the economy. Unfortunately, the forecasted unemployment rate in the United States is expected to increase as we head into the latter half of the decade. Those with a bachelor’s degree or higher saw the lowest unemployment rate from 1992 to 2022 in the United States, which is attributed to the fact that higher levels of education are seen as more desirable in the workforce.
Nevada unemployment
Nevada is one of the states with the highest unemployment rates in the country and Vermont typically has one of the lowest unemployment rates. These are seasonally adjusted rates, which means that seasonal factors such as holiday periods and weather events that influence employment periods are removed. Nevada's economy consists of industries that are currently suffering high unemployment rates such as tourism. As of May 2023, about 5.4 percent of Nevada's population was unemployed, possibly due to the lingering impact of the coronavirus pandemic.
