Considering the latest data available (published on 2024-07-01) from the Bureau of Labor Statistics on both Labor Force Participation and Number of Unemployed People, the Unemployment Rate Nowcast reads unchanged at 4.39 percent. Econometricus’ Unemployment Rate Nowcast tracks Unemployment Insurance new Claims to show the latest trend of the National Unemployment Rate. The week ending on 2024-08-03 registered a preliminary number of 233,000 new claims. The US Department of Labor’s reported number is not  significantly different than its previous ten weeks running average of 235,545. The most recent monthly estimate of the US Unemployment Rate is 4.4 Percent. New Insurance Claims decreased its levels for the reported week by a difference of -17,000.

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