US Unemployment Rate Edges Down To 4.2% For June
The US unemployment rate stood at 4.3% in May, a tenth of a point above June's new reading.
- The reading matches Bureau of Labor Statistics series LNS14000000, the seasonally adjusted rate.
- That series counts the civilian labor force aged 16 and older nationwide.
- BLS folds the figure into its monthly Employment Situation report, issued on schedule.
Why it matters: A single percentage cannot say whether the missing worker found a job or simply stopped looking.