The latest jobs report reveals a slight increase in the US unemployment rate to 4.1%, a minor shift within the narrow 4.0-4.2% range observed since May 2024, indicating a stable labor market despite the uptick.

US Unemployment Rate at 4.1%

Today's jobs report indicates a slight increase in the US unemployment rate, reaching 4.1%, up from 4.0% in January.

While this marks a marginal rise, it's important to note that the unemployment rate remains relatively low when viewed historically.

The jobless rate has simply reverted to its level in December. According to the BLS, the US unemployment rate has fluctuated within a narrow band of 4.0% to 4.2% since May 2024, suggesting overall stability in the labor market.