What the evidence shows
The household survey counted 162.7 million employed in August 2026, fewer than 163.4 million in August 2025, and the employment-population ratio was 59.1 percent versus 59.6 percent a year earlier. The unemployment rate was 4.1 percent, not a record low.
- U.S. Bureau of Labor Statisticsbls.gov
- U.S. Bureau of Labor Statisticsbls.gov
- FactCheck.orgfactcheck.org