Unemployment 2024 Trading Economics Definition. The page provides a summary of unemployment as an economic indicator and its impact on the business cycle. An economic calendar is a tool that displays the schedule of major national and international events including the date and time of key economic data releases and news that.

The number of unemployed individuals was broadly unchanged from the previous month at 7.1 million. The midpoint (in log scale) between the two—their definition of full employment rate—averaged 4.1%.