The Federal Reserve Bank of Chicago estimated the U.S. unemployment rate at 4.10% for September, according to a BlockBeats brief published on Oct. 1. That figure was slightly below the 4.14% reading for August. The update points to a modest improvement in labor market conditions based on the Chicago Fed’s estimate. The institution said the change continued to reflect a better employment outlook in the United States, while the quit rate also edged lower. No additional details were provided in the brief.
The Federal Reserve Bank of Chicago estimated the U.S. unemployment rate at 4.10% for September, according to a BlockBeats report published on Oct. 1.
That was slightly below the 4.14% level recorded in August. The Chicago Fed said the improvement continued to reflect a better employment outlook in the United States, along with a slight decline in the quit rate.
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