Us Unemployment Rate 2024 Projection. Projections for the unemployment rate are for the average civilian unemployment rate in the fourth quarter of the year indicated. The unemployment rate reaches 4.1 percent by the end of 2023 and 4.7 percent by the end of 2024 before falling slightly, to 4.5 percent, in 2025.
Cbo’s projections for the federal budget depend in part on the agency’s projection of the growth of nominal gdp. Unemployment rate in the united states averaged 5.69 percent from 1948 until 2024, reaching an all time high of 14.90 percent in april of 2020 and a record low of 2.50 percent in may of 1953.