AI Data Insight
The number of unemployed in the US significantly declined from 6.756 million in the previous month to 6.463 million in May 2026, highlighting the strong momentum of the labor market in that month. Combined with the May non-farm payrolls adding 172,000 jobs, which far exceeded consensus, this indicates that corporate hiring demand remains supported. However, as the latest June data unexpectedly disappointed, the labor market is expected to gradually transition from overheating to a mild cooling.