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Introducing the Chicago Fed Labor Market Indicators


Abstract: On September 23, 2025, we debuted the Chicago Fed Labor Market Indicators. Updated twice per month, this new data release provides an early read on U.S. labor market conditions: The Chicago Fed Real-Time Unemployment Rate Forecast is a forecast of the U.S. civilian unemployment rate while the Chicago Fed Layoffs and Other Separations Rate and the Chicago Fed Hiring Rate for Unemployed Workers provide further context for the job flows that influence the unemployment rate. In this article, we describe these new indicators and provide additional analysis for their first release for September 2025.

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File(s): https://www.chicagofed.org/publications/chicago-fed-insights/2025/introducing-chicago-fed-labor-market-indicators?utm_campaign=chicago_fed_insights&utm_medium=email&utm_source=chicagofed

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Provider: Federal Reserve Bank of Chicago

Publication Date: 2025-09