The August 2026 Employment Situation report, released by the Bureau of Labor Statistics on September 4, reveals a favorable shift in the US labor market. Full-time employment surged by 735,000 while part-time positions fell by 223,000. Involuntary part-time employment dropped by 414,000 to 4.39 million, indicating that fewer workers were stuck in part-time roles against their will. The unemployment rate held steady at 4.1%. Total employment rose by 569,000 month-over-month, despite modest nonfarm payroll gains of 162,000.
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