Unemployment Rate 2.7 Percent for People Ages 45 to 54, 8.3 Percent for 16 to 24 in October 2018

The unemployment rate in October 2018 was 3.7%, down from 4.1% in October 2017. Unemployment rates by age in October 2018 ranged from 2.7% for people ages 45 to 54 years (the same as a year earlier) to 8.3% for people ages 16 to 24 (down slightly from October 2017).

Among people age 25 and older with a bachelor’s degree or higher, the unemployment rate was 2.0% in October 2018, unchanged from a year earlier. The jobless rate for those with less than a high school diploma was 6.0% in October 2018, about the same as a year earlier.

Among people 16 and over, Asians and Whites had unemployment rates of 3.2% and 3.3%, respectively, in October 2018. The rate for Blacks or African Americans was 6.2%, down by 1.1% points from the October 2017 rate. The rate for people of Hispanic or Latino ethnicity was 4.4% in October 2018.

These data are from the Current Population Survey. See “The Employment Situation — October 2018” for more information. Also see more charts on unemployment and the labor force. People whose ethnicity is Hispanic or Latino may be of any race.