Unemployment Rate 2024. Payrolls grew by 142,000 in august, less than expected. Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

Global unemployment is expected to rise this year, with growing inequality and stagnant productivity also a cause for concern on the economic horizon, the un labour agency ilo said on wednesday. Payroll employment rose 142,000 last month, and the unemployment rate ticked down from 4.3 to 4.2 percent.