Us Economy Growth 2024 Forecast. The unemployment rate reaches 4.1 percent by the end of 2023 and 4.7 percent by the end of 2024 before falling slightly, to 4.5 percent, in 2025. Annual percentage growth rate of gdp at market prices based on constant local currency.

Real gross domestic product (gdp) increased at an annual rate of 2.8 percent in the second quarter of 2024, according to the advance estimate. That initial slowdown in economic growth drives up unemployment.