United States Unemployment Rate

The US unemployment rate dipped by 0.1 percentage point to 4.0% in January 2025, marking its lowest level since May and coming in just below market expectations of 4.1%. The number of unemployed individuals declined by 37,000 to 6.85 million, while employment edged up by 2,234 to 163.9 million. Additionally, the labor force participation rate rose to 62.6%, and the employment-population ratio increased to 60.1%. Finally, the U-6 unemployment rate, which accounts for the officially unemployed along with marginally attached workers and those involuntarily working part-time for economic reasons, held steady at 7.5%.