10/29/2026
Unemployment is “only” 4.2%. So why does the job market feel so hard?
Gallup Chairman Jim Clifton says the 4.2% figure is a national misunderstanding. It counts you only if you have no job AND have looked in the past four weeks.
What the September 2026 BLS report does not include:
414,000 discouraged workers who stopped looking
4.5 million working part-time who want full-time hours
5.8 million outside the labor force who say they want a job
1.9 million unemployed for 27+ weeks (27% of all job seekers)
Clifton puts real unemployment near 12%. About 22 million people.
Read more: https://tsmith.esourcecoach.com/blog/?utm_source=SOCI_Parameter
Numbers shape decisions. When leaders, employers, and investors believe the country is at full employment, they act like it. There is less urgency to hire. Less pressure to raise wages. Less reason to invest in the people already on the payroll.
So what is your security really built on? In a word: YOU!!
Time to see if career coaching is right for you: https://entrepreneurssource.com/career-ownership-coaching-assessment/?purl=tsmith&coach_email=tsmith%40esourcecoach.com