Econometricus’ Unemployment tracker shows a large increase in Unemployment Insurance Claims. The latest data available (published on 2025-04-01) from the Bureau of Labor Statistics on both Labor Force Participation and Number of Unemployed People, the Unemployment Rate Nowcast reads at 4.33 percent. The week ending on 2025-05-24 registered a preliminary number of 240,000 new claims. The US Department of Labor’s reported number is significantly higher than its previous ten weeks running average of 226,909. The most recent monthly estimate of the US Unemployment Rate is 4.32 Percent.

New Insurance Claims increased its levels for the reported week by a difference of 14,000.

In contrast to April’s data, May’s labor market signals are unlikely to carry any noise from massive layoff from the federal government. We will probably see a spike in the US Unemployment Rate despite expectations for job growth along the summer season.

Try Econometricus’ Weekly, County Level Unemployment Rate Calculator.