Layoff plans jump, hiring slows |
| New data points to a weak start to the U.S. labor market in early 2026, with slower hiring, fewer openings, and a surge in layoff announcements. Job openings fell by 386,000 in December to the lowest level since September 2020, and Challenger, Gray & Christmas reported 108,400 planned cuts in January, the highest January total since 2009. ADP estimated private employers added just 22,000 jobs in January, and initial jobless claims rose to 231,000. Lisa Simon of Revelio Labs said: “It’s trudging along.” Markets fell about 0.7% on the jobs news. Economists are awaiting the government’s January jobs report, due February 11, with expectations around 60,000 added jobs. |
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