The Federal Reserve has raised its forecast for the US unemployment rate in 2024 to 4.4%.

The Federal Reserve expects the unemployment rate to be 4.4% in 2024 and 4.0% in June; the unemployment rate is expected to be 4.4% in 2025 and 4.2% in June; the unemployment rate is expected to be 4.3% in 2026 and 4.1% in June; the unemployment rate is expected to be 4.2% in 2026 and 4.1% in June; the long-term US unemployment rate is expected to be 4.2% and 4.2% in June.