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Chicago Fed puts October unemployment rate at 4.35%, little changed from last official report

ReutersOct 27, 2025 12:43 PM

- The U.S. unemployment rate remained stable at around 4.3% in October according to a Chicago Federal Reserve bank economic model that uses private data to estimate the jobless rate even in the absence of government statistics that have been unavailable since the start of an ongoing federal shutdown.

The last official unemployment report was for August and also showed the jobless rate at 4.3%. A Chicago Fed estimate for September put the number, unrounded, at 4.34%, and at an unrounded 4.35% for August.

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