AI Data Insight
The latest US data for "number of unemployed for 5 to 14 weeks" rose to 2.077 million in Q3 2026, an increase of 28,000 from the previous figure, indicating that the job search period in the labor market is lengthening. Although August non-farm payrolls rebounded, layoffs in specific industries and a cooling labor force participation rate suggest that the job market is still in the painful period of supply and demand rebalancing. If the high-interest-rate environment persists, the risk of the medium-term unemployed turning into long-term unemployed will gradually increase.