Us Unemployment Rate April 2024 Forecast. Unemployment rate, a key indicator of the labor market and the economy. Besides forecasting a dip in the federal funds rate to a range of 4.5% to 4.75% by year’s end, fed policymakers.
The unemployment rate has remained below 4% for 26 straight months, the longest such stretch since the late 1960s. April’s rate was expected to be 3.8%, but the unemployment rate increased from 3.8% in march to 3.9% in april.