FX.co ★ U.S. U6 Unemployment Holds Steady at 7.9% in July, Signaling Stable Labor Underutilization

The broadest measure of U.S. unemployment, the U6 rate, remained unchanged at 7.9% in July 2026, matching its June 2026 level. The data, updated on 07 August 2026, indicate that overall labor underutilization — which includes discouraged workers, marginally attached workers, and those working part time for economic reasons — has stabilized for a second consecutive month.

The flat reading suggests that, despite ongoing shifts in the labor market, there has been no recent deterioration or visible improvement in broader job market slack. For analysts and investors tracking the depth of labor market resilience, the steady 7.9% U6 rate in July will likely be interpreted as a sign that underlying conditions are neither tightening nor loosening meaningfully at the margin.