True Unemployment Rate 2024. The true rate of unemployment (tru) out of the population, as defined by lisep, measures the percentage of the whole u.s. Unemployment — the unemployment rate fell from 6.4% at the time biden took office to 3.4% in january 2023 and again in april, the lowest since june 1969.

The unemployment rate in the united states rose to 4.3% in july of 2024 from 4.1% in the previous month, the highest since october of 2021, and above market. The jump in the unemployment rate after holding at 3.7% for three straight months reflected a further decline in household employment.