• ADP: +22,000 private jobs
• Initial jobless claims (Jan 31 wk): 231,000 (highest in ~2 months)
• Household debt: $18.8T
• Delinquencies: ~4.8% overall, student loans ~9.6%
That’s not a boom. That’s flat hiring, rising stress, and a cautious labor market.
• ADP: +22,000 private jobs
• Initial jobless claims (Jan 31 wk): 231,000 (highest in ~2 months)
• Household debt: $18.8T
• Delinquencies: ~4.8% overall, student loans ~9.6%
That’s not a boom. That’s flat hiring, rising stress, and a cautious labor market.