AI Data Insight
In Q3 2026 (August), the number of unemployed in the US reached 7.031 million, further climbing from the previous value of 6.916 million. Despite the increase in the absolute number of unemployed, nonfarm payrolls surged by 162,000 during the same period, reversing the gloom of the July downturn. The unemployment rate remained steady at 4.1%, indicating that the labor market remains resilient and effectively alleviating market fears of a recession.