AI Data Insight
In Q3 2026, the total US unemployed population fell to 5.920 million, a decrease of 125,000 from the previous quarter's 6.045 million, indicating a contraction in the number of unemployed individuals. However, during the same period, new non-farm payrolls were significantly below consensus expectations and the labor force participation rate declined. The market expects that the cooling employment will increase the pressure on the Federal Reserve to pause interest rate hikes or cut rates.