Us Unemployment Rate 2024 Projection. This chart shows fomc members' median projections for pce inflation, the federal funds rate, real gdp growth and unemployment (as of december 13, 2023). Projections for the unemployment rate are for the average civilian unemployment rate in the fourth quarter of the year indicated.
At the start of the year, the unemployment rate was 3.7%. Federal reserve cuts rates by 50 basis points.