What was said about US unemployment, and what the number did
“Job gains have kept pace with the workforce, and the unemployment rate has changed little.”
- 4.2%
- Unemployment when this was said, Sep 2026.
- 4.1%
- Unemployment now, Oct 2026.
US unemployment rate, as the government reports itsaid where it stoodsaid where it would be
said Oct 28, 2026
Oct 2024Oct 2026
The same government counts it a second way.
- 4.1%
- The rate everyone quotes, Oct 2026. You count as employed if you worked one hour that week, and you are left out if you stopped looking.
- 7.9%
- The same month, adding people who gave up looking and people in part-time work because it is all they can get.
- 3.8 pts
- Between them. Over the last two years the gap has stayed between 3.4 and 4.2 points.
Both from the Bureau of Labor Statistics, which calls them U-3 and U-6.
Dictum meum pactum.
Credere.