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.
Unemployment rate in the United States in October 2024, by industry and class of worker
Industry and class of worker
Unemployment rate
Leisure and hospitality
6%
Wholesale and retail trade
4.7%
Agriculture and related private wage and salary workers
4.5%
Transportation and utilities
4.2%
Professional and business services
4.2%
Construction
4.2%
Total
3.9%
Manufacturing
3.6%
Self-employed workers, unincorporated, and unpaid family workers
3.4%
Education and health services
3.1%
Other services
3.1%
Information
2.7%
Mining, quarrying, and oil and gas extraction
2.5%
Created with Highcharts 7.2.2Industry and class of workerUnemployment rate6%6%4.7%4.7%4.5%4.5%4.2%4.2%4.2%4.2%4.2%4.2%3.9%3.9%3.6%3.6%3.4%3.4%3.1%3.1%3.1%3.1%2.7%2.7%2.5%2.5%1.9%1.9%1.9%1.9%Leisure and hospitalityWholesale and retail tradeAgriculture and related private wage and salary workersTransportation and utilitiesProfessional and business servicesConstructionTotalManufacturingSelf-employed workers, unincorporated, and unpaid family workersEducation and health servicesOther servicesInformationMining, quarrying, and oil and gas extractionFinancial activitiesGovernment workers
0%0.5%1%1.5%2%2.5%3%3.5%4%4.5%5%5.5%6%6.5%7%
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Data are not seasonally adjusted.
* Persons with no previous work experience and persons whose last job was in the U.S. Armed Forces are included in the unemployed total.
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Bureau of Labor Statistics. (November 1, 2024). Unemployment rate in the United States in October 2024, by industry and class of worker [Graph]. In Statista. Retrieved February 17, 2025, from https://www.statista.com/statistics/217787/unemployment-rate-in-the-united-states-by-industry-and-class-of-worker/
Bureau of Labor Statistics. "Unemployment rate in the United States in October 2024, by industry and class of worker." Chart. November 1, 2024. Statista. Accessed February 17, 2025. https://www.statista.com/statistics/217787/unemployment-rate-in-the-united-states-by-industry-and-class-of-worker/
Bureau of Labor Statistics. (2024). Unemployment rate in the United States in October 2024, by industry and class of worker. Statista. Statista Inc.. Accessed: February 17, 2025. https://www.statista.com/statistics/217787/unemployment-rate-in-the-united-states-by-industry-and-class-of-worker/
Bureau of Labor Statistics. "Unemployment Rate in The United States in October 2024, by Industry and Class of Worker." Statista, Statista Inc., 1 Nov 2024, https://www.statista.com/statistics/217787/unemployment-rate-in-the-united-states-by-industry-and-class-of-worker/
Bureau of Labor Statistics, Unemployment rate in the United States in October 2024, by industry and class of worker Statista, https://www.statista.com/statistics/217787/unemployment-rate-in-the-united-states-by-industry-and-class-of-worker/ (last visited February 17, 2025)
Unemployment rate in the United States in October 2024, by industry and class of worker [Graph], Bureau of Labor Statistics, November 1, 2024. [Online]. Available: https://www.statista.com/statistics/217787/unemployment-rate-in-the-united-states-by-industry-and-class-of-worker/
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