AI Data Insight
According to the latest data, the US total separation rate in Q3 2026 fell to 3.2% from 3.4% in the previous quarter, indicating a further cooling of labor market liquidity. A detailed breakdown shows that both voluntary quits and layoffs are at low levels, with businesses and workers adopting a conservative wait-and-see approach. As the job market maintains a "low hiring, low firing" pattern, wage inflation pressure is expected to ease, but in the medium term, it is still necessary to guard against layoff risks triggered by corporate cost pressures.