Current US Unemployment: 4.30% (+2.4% vs last year)
Aug 2025
| Historical average: | 5.7% |
Unemployment rate.
The unemployment rate is calculated using the following formula: Unemployment Rate = (Unemployed People / Labor Force) × 100
Where:
Unemployed People: Individuals who are actively looking for work but cannot find a job.
Labor Force: The sum of employed and unemployed people (not including those who are retired, students, discouraged workers, or others who are not actively looking for work).
-
Source:
- US Bureau of Labor Statistics