Unemployment 2024 Trading Economics 2024. The bureau of labor statistics reports that the unemployment rate rose by 0.2 percentage point to 3.9 percent in february 2024, and the number of unemployed people increased by 334,000 to 6.5 million. Get the latest data and forecasts on the uk's unemployment rate, which fell to 4.1% in july 2024, the lowest level since january.
While interest rate hikes might have peaked in 2023, borrowing costs are expected to stay elevated. The report examines the challenges and policy options for monetary policy normalization.