Current Seasonally Adjusted U-3 Unemployment Rate. According to the BLS, the current “Seasonally Adjusted” Unemployment Rate for February (released March 6 th) is 3.5% down from 3.6% in January returning to the previous low levels of September, November, and December.. Typically January sees a massive decline in the number of jobs. The unemployment rate, also called U-3, is the total number of unemployed people as a percentage of the labor force. U-1 and U-2 are more narrowly defined and always lower than the U-3 rate. U-4, U-5, and U-6 are more broadly defined and always higher. U.S. Unemployment Rate Drops To 3.7 Percent, Lowest In Nearly 50 Years The jobless rate last month was the lowest since 1969, though the economy added a less-than-expected 134,000 jobs, the Bureau