VerdictTRUE

The Claim

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

Bottom Line

The US unemployment rate did fall below 4% in several months during early 2024, reaching as low as 3.7% in January and 3.8% in March, although the annual average for the year was 4.0%.

Analysis

In January 2024, the US unemployment rate was 3.7 percent. The rate remained below 4 percent in February at 3.9 percent and in March at 3.8 percent.

However, the unemployment rate began to increase in the first half of 2024. By the fourth quarter of 2024, the unemployment rate averaged 4.2 percent. The unemployment rate for December 2024 was reported at 4.1 percent.

The annual average unemployment rate for the United States in 2024 was 4.0 percent, an increase of 0.4 percentage point from the prior year.

Sources / Bibliography

[1]ncsl.org
[2]dol.gov
[3]bls.gov
[4]bls.gov (2)
[5]bls.gov (3)
[6]bls.gov (4)
[7]mayberryinv.com
[8]bls.gov (5)
[9]rothstaffing.com
[10]rothstaffing.com (2)
[11]bls.gov (6)

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