Unemployment Rate

Percentage of the labor force that is jobless and actively seeking employment.

Source: FRED

Latest reading

4.30+0.10 vs last year

April 2026

4.30%

2.00%3.50%5.00%10.0%

About this range

The range (3.5–6.0%) spans what economists consider full employment. Below 3.5% signals an overheated labor market that can drive wage-push inflation. Above 6.0% indicates meaningful slack and economic weakness.