Tech moved from a very tight labor market in 2022 (1.85% unemployment rate) to a noticeably weaker one in 2024–2026 (3.49%),” although that’s still better than the national unemployment rate of 4.36% through May of this year"

I really think it's closer to 20% and they're either fudging the numbers or people doing doordash / instacart after getting laid off is making it look better than it is.