Line chart showing the monthly U.S. unemployment rate from January 1960 to December 2022. The unemployment rate was 3.5% in December 2022. It was also 3.5% in July and September 2022, as well as September 2019 and early 2020. Before that, the last time the rate ranged between 3.4% to 3.5% was from August 1968 to December 1969.