Definition
The share of people in the labor force who want a job, are looking, and don't have one.
The story
Line up 100 people who are working or looking for work. In September 2026, about 4 of them were still looking: a 4.2% unemployment rate. People who've stopped looking aren't in the line at all, which is why the rate can fall even when hiring is weak.
Why markets watch it
It's the main gauge of the "maximum employment" half of the Fed's job.
IN HISTORICAL DATA
Latest Jobs reports: Fri, Oct 2, 2026 · Below
- Actual vs forecast
- +29K vs +90K
- S&P 500
- +0.7%
- Nasdaq
- +1.14%
- Gold
- Spot -0.8% to -1.1%
History, not a prediction. Every row lists its sources.
All Jobs reports →Connects to
The Federal ReserveJobs reportLabor force participation rateHousehold survey
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms