Washington, D.C. – September 24, 2026 -- The Ludwig Institute for Shared Economic Prosperity (LISEP) reported that its True Rate of Unemployment (TRU) fell 0.6 percentage points in August to 24.3%, down from 24.9% in July, partially reversing a four-month climb that began in March. The August reading still sits above January's 23.9%, following a 1.3-point rise between March and July. By contrast, the U.S. Bureau of Labor Statistics headline unemployment rate held steady at 4.1% in August.