Unemployment Rate 2024. When spread through the prior year, the average monthly job gain from april 2023 through march 2024 was 173,500 versus nearly 242,000, an analysis of bls data. One year on, youth unemployment remains a headache, with the reconfigured jobless rate spiking to a 2024 high of 17.1% in july, as 11.79 million college students.
The unemployment rate is defined as the percentage of unemployed workers in the total labor force. In trend terms, in july 2024:
