Job market 2026 · Checked Sep 15, 2026
Hiring slowed to 3.2% while Americans filed a record 5.67M business applications. Every number on this page links to its source.
Change from before the pandemic
Hiring shrank. Business applications hit a record.
US hires as a share of employment, monthly · BLS JOLTS
New grad hiring vs 2019
SignalFire State of Talent Report 2026
Software dev job postings on Indeed
26% below the pre-pandemic level.
Indeed Hiring Lab, Aug 2026
Unemployment rate
42% of recent grads work jobs that don't need a degree.
NY Fed, 2026 Q2 (grads aged 22 to 27) · BLS, Aug 2026
Median time unemployed
BLS, Current Population Survey
62% more applications in 2025 than in 2019
Business applications per year
US Census Bureau, Business Formation Statistics
Busiest month on record
applications in July 2026, the most in any month since tracking began in 2004 (seasonally adjusted).
Few plan to hire anyone
of 2025 applications planned to pay wages. In 2026 those applications fell 12% from January to August.
Startups with Stripe-verified revenue on TrustMRR, May 2026
TrustMRR only lists active startups making at least $500 a month, so the typical new business makes less than this. Keep the job search running while you build. See businesses with verified revenue →
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Companies are hiring far less. The US hiring rate was 3.2% in July 2026, down from a 3.9% average in 2019, while unemployment was 4.1% in August. Entry-level roles took the biggest hit: new grad hiring at big tech is down about 65% from 2019, software development postings on Indeed are 26% below February 2020, and recent college graduates face 5.6% unemployment.
The median unemployed person in the US had been out of work for 11.4 weeks in August 2026, up from 9.9 weeks a year earlier and 8.7 weeks in August 2019.
Not easier, but far more people are doing it. Americans filed 5.67M business applications in 2025, the most on record and 62% more than in 2019. Only 8.8% of them planned to pay wages, so most are one-person businesses. Revenue is modest too: among 941 startups with Stripe-verified revenue on TrustMRR, the median makes $2,310 a month.
All figures checked Sep 15, 2026
You just haven't seen it yet.