Unemployment rate held steady The unemployment rate remained unchanged at 6.4% in August. This follows three consecutive monthly declines in May, June and July totaling 0.5 percentage points. Among the 1.5 million people who were unemployed in August, 24% were long-term unemployed, meaning they had been continuously looking for work for 27 weeks or more. This rate was similar to that in August 2025 (23%) and remained above the pre-COVID-19 avera…
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Unemployment rate held steady The unemployment rate remained unchanged at 6.4% in August. This follows three consecutive monthly declines in May, June and July totaling 0.5 percentage points. Among the 1.5 million people who were unemployed in August, 24% were long-term unemployed, meaning they had been continuously looking for work for 27 weeks or more. This rate was similar to that in August 2025 (23%) and remained above the pre-COVID-19 avera…