Jared Bernstein argues the 4.1% US unemployment rate masks declining labor participation, weak hiring, and slowing wage growth in July 2026 jobs

Jared Bernstein argues the 4.1% US unemployment rate masks declining labor participation, weak hiring, and slowing wage growth in July 2026 jobs

Over the last year, 1.318 million Americans have left the workforce, the Labor Department estimates. It's affecting the unemployment rate. Here's why.