Right or Wrong

Tip
◆ Did the US unemployment rate fall below 4% in 2024?◆ Is it true that renewable energy is now cheaper than coal?◆ Did global CO2 emissions decrease last year?◆ Has the US national debt exceeded 34 trillion dollars?◆ Did voter turnout increase in the last presidential election?◆ Is inflation in the eurozone below 3%?◆ Did the US unemployment rate fall below 4% in 2024?◆ Is it true that renewable energy is now cheaper than coal?◆ Did global CO2 emissions decrease last year?◆ Has the US national debt exceeded 34 trillion dollars?◆ Did voter turnout increase in the last presidential election?◆ Is inflation in the eurozone below 3%?
Back to fact-check
VerdictTRUE
The Claim

"Did the US unemployment rate fall below 4% in 2024?"

Bottom Line

The U.S. unemployment rate did fall below 4% in 2024, specifically in February and March.

Analysis

In 2024, the U.S. unemployment rate was reported to be below 4% in the early part of the year. The Bureau of Labor Statistics (BLS) reported that the unemployment rate was 3.9% in February 2024 and ticked down to 3.8% in March 2024.

However, the unemployment rate later increased throughout the year. By the fourth quarter of 2024, the average unemployment rate was 4.2%. The monthly unemployment rate in December 2024 was 4.1%. The annual average unemployment rate for the entirety of 2024 increased to 4.0%.

Sources / Bibliography
Share this verdict

Keep the truth free for everyone.

Right or Wrong is free to use. Tips are deeply appreciated — they cover live fact-checking costs and help keep accurate, non-partisan information available to all.

Share this tool
Tip / Donate