The unemployment rate is calculated using a monthly survey that the Bureau of Labor Statistics uses to identify those who are employed or actively looking for work.

The US Bureau of Labor Statistics releases a monthly 'jobs report' that tracks the unemployment rate, the number of Americans currently on payroll, and more.

Explore an interactive tool that provides regularly updated information on labor market outcomes of recent college graduates.

Explore an interactive tool that reveals why Americans are unemployed—almost 30% of unemployed Americans ages 25 to 54 cited being laid off as the reason for their unemployment, for instance.

Over 1.9 million Americans—more than a quarter of those unemployed—have been classified as 'long-term' unemployed in a given month in 2026, meaning they've been out of work for at least 27 weeks.

Unemployment benefits are calculated as a percentage of a worker's average weekly wages over a recent base period.

The US unemployment rate soared to over 24% during the Great Depression, the highest in recorded history.

Unemployment is generally sorted into four different types: frictional, cyclical, structural, and institutional.

Why the employment report matters to Wall Street

On the first Friday of every month, the US Bureau of Labor Statistics releases the infamous "jobs report." The report essentially tracks how US employment is doing, from the unemployment rate to the number of people in the US currently on payroll. But most importantly, the jobs report has major implications for the economy at large. To find out how this monthly report impacts Wall Street, read this article.

The US youth unemployment rate jumped from 6.6% in 2023 to 10.4% in 2025.

See which college degrees had the highest unemployment rates as of May 2025, with degrees in anthropology, physics, and computer engineering ranking high on the list.

Union membership was 9.9% in 2024, the lowest in nearly 40 years

In 1983, for comparison, 20.1% of the US workforce was unionized, or 17.7 million people.

The Sahm rule attempts to predict recessions based on unemployment trends.

Missouri had the fastest job growth rate in 2025

Between 2024 and 2025, Missouri had a 1.7% job growth rate—representing the percent increase in jobs in a particular state over the course of a year. North Carolina and South Carolina trailed Missouri with annual job growth rates of 1.5% and 1.3% respectively.

The clearest sign of a recession is a steady increase in job losses and high unemployment.

California has the highest median rent in the US at $2,104

Hawaii has the second-highest median rent in the US at roughly $1,942 per month, including utilities. That's as of 2024, based on data from the US Census Bureau.

Poverty rates by US state

As of 2022, 37.9 million people in the US were living in poverty. But those people aren't evenly distributed among the 50 states. Some states and regions of the country are more impoverished than others. For instance, US poverty rates are relatively higher in the South than they are in the North. See the state-by-state breakdown with this map.

States with the highest (and lowest) tax rates

WalletHub researchers evaluated not just income taxes but real estate, sales, and other levies in order to rank every state by its total effective local and state tax rate (not including federal). Alaska scored the lowest total tax rate and Illinois...

25% of US households had no regular income as of 2024

Some states had higher shares of no-income households than others: West Virginia, for instance, had a national high of 34% of households with no income. These states tend to have older populations, higher rates of disability, and lower median incomes overall. In such contexts, a larger portion of households rely on non-earned income sources or report no income during the survey period.

The US jobs with the highest union membership rates

The transport and construction industries, as you might have guessed, have particularly high rates of union membership. But do you know the broadcasting industry’s union participation rate, at roughly 10%, isn’t far behind? This visual depicts the US industries with the highest rates of union membership in the country.

US state economies compared to entire countries

This map compares US state economies by their gross domestic product to that of a similarly sized country. For instance, California has the largest state economy in the US, with a GDP nearly equal to that of India, the fifth-largest economy in the world. Click here to see how the rest of the states compare.

In 2024, 15% of US laborers worked remotely

At the time, Frisco, Texas, had the highest share of remote workers among large US cities, at 34% (or 42,000 people). Frisco was closely followed by Berkeley, California, at 32% (18,000 people).