Us Unemployment Rate 2024 Projection. Firstly, shelter costs, which make up a large portion of cpi inflation continue to rise at a relatively fast 5.2% annual rate as of august 2024. Job creation totaled 254,000 in september, much better than expected.

The drop in the unemployment rate from 4.2% in august reflected an increase of 430,000 jobs in household employment, which more than absorbed the 150,000. Despite the slow recovery in gdp, the unemployment rate fell from a peak of 10.0 percent in october 2009 to 5.0 percent in november 2015.