US Unemployment Rate Rises To 4.3% In July

Fed rate announcement at the NYSE in New York

The US unemployment rate increased to 4.3% in July, up from 4.1% in June, marking the highest level since October 2021 when it stood at 4.5%. This rise in the unemployment rate for the fourth consecutive month indicates a cooling trend in the US labor market following a period of significant growth in the years post-pandemic.

Highest level since October 2021.

US unemployment rate increased to 4.3% in July.

Fourth consecutive month of rise.