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◆ Did the US unemployment rate fall below 4% in 2024?◆ Is it true that renewable energy is now cheaper than coal?◆ Did global CO2 emissions decrease last year?◆ Has the US national debt exceeded 34 trillion dollars?◆ Did voter turnout increase in the last presidential election?◆ Is inflation in the eurozone below 3%?◆ Did the US unemployment rate fall below 4% in 2024?◆ Is it true that renewable energy is now cheaper than coal?◆ Did global CO2 emissions decrease last year?◆ Has the US national debt exceeded 34 trillion dollars?◆ Did voter turnout increase in the last presidential election?◆ Is inflation in the eurozone below 3%?
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VerdictTRUE
The Claim

"Did the US unemployment rate fall below 4% in 2024?"

Bottom Line

The U.S. unemployment rate fell below 4% for several months in 2024, including January, February, March, and April, before rising later in the year.

Analysis

In 2024, the U.S. unemployment rate was recorded below 4% for multiple months. According to data from the Bureau of Labor Statistics, the unemployment rate was 3.7% in January, 3.9% in February, 3.8% in March, and 3.9% in April of 2024.

The Acting Secretary of Labor, Julie Su, noted in March 2024 that the unemployment rate had been below 4% for 26 consecutive months, marking the longest such streak in over 50 years at that time.

While the national unemployment rate did increase throughout the year, reaching an annual average of 4.0% in 2024, and ended the year at 4.1% in December, it clearly spent the first few months below the 4% threshold.

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