AI Data Insight
According to the latest data, the number of unemployed for 5 to 14 weeks in the US rose to 2.049 million in July 2026, a significant increase from 1.936 million in the previous month. Coupled with an unexpected negative growth in July's non-farm payrolls and a record low labor force participation rate, this indicates employers are scaling back hiring and the difficulty of finding a job is rising. The continued expansion of the medium-term unemployed population, along with mild wage growth, is rapidly weakening market expectations for future Federal Reserve tightening.