Chicago Fed Hiring Rate in the United States increased to 45.42 percent in February from 45.16 percent in January of 2026. Chicago Fed Hiring Rate in the United States averaged 40.59 percent from 2008 until 2026, reaching an all time high of 57.94 percent in April of 2022 and a record low of 17.86 percent in May of 2020. source: Federal Reserve Bank of Chicago

Related	Last	Previous	Unit	Reference
Chicago Fed Layoffs Rate	2.07	2.07	percent	Feb 2026
Participation Rate	62.00	62.10	percent	Feb 2026
U-6 Unemployment Rate	7.90	8.10	percent	Feb 2026
Unemployment Rate	4.40	4.30	percent	Feb 2026

United States Chicago Fed Hiring Rate for Unemployed Workers

The Chicago Fed Hiring Rate for Unemployed Workers estimates the percentage of individuals who were unemployed but either found employment or exited the labor force during the BLS reference week. A higher rate signals stronger absorption of unemployed workers, easing the upward pressure on the unemployment rate caused by layoffs and other separations.