4.3% is still a low rate of unemployment, despite the attempt to make it sound high.

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According to the Federal Reserve Bank of St. Louis (FRED), based on official BLS data:

2022: 3.5%

2023: 3.8%

2024: 4.1%

June 2025: 4.1%

July 2025: 4.2%

August 2025: 4.3%