Topic

US jobs rise, unemployment drops

8m

The US labor market added 130,000 jobs in January, surpassing expectations and pushing the unemployment rate down to 4.3%, while wages rose.

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by Claudia Sahm Reposted by Dean Baker

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Reposted by Iikka Korhonen

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As expected, the annual benchmark revisions sharply lowered estimates of job growth in earlier months. BLS now says we added just 181,000 jobs in 2025, down from the earlier estimate of 584,000. #NumbersDay
February 11, 2026 at 1:37 PM
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Good morning and welcome to Jobs Report Day in the US.
The consensus forecasts are for a monthly employment gain of 65,000, an unemployment rate of 4.4%, and a 3.7% annual increase in average hourly earnings.
Two additional factors to note:
• There is an unusually wide gap in individual surveyed…
February 11, 2026 at 9:48 AM
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"If the data revisions play out as expected tomorrow, the United States may have just had a year with essentially no net job growth, yet without being in a recession."

stayathomemacro.substack.com/p/a-year-wit...
A Year With No Jobs—But No Recession
Revisions in the January employment report may reveal that job growth stalled over the past year, even without a recession.
stayathomemacro.substack.com
February 10, 2026 at 10:40 PM
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Happy Dec #JobsDay!

At 8:30 am ET, @usbls.bsky.social delivers one of the most-important signals abt how economy is changing

Forecasts’ center:
+55K jobs
Unemployment rate (UR) steady at 4.4%

Report will reflect normal, annual revision processes but fodder for disinfo:
bsky.app/profile/aaro...
2. Annual Revisions for BLS Jobs Numbers Expected To Be Downward: The Causes Explained static1.squarespace.com/static/5bedb...
February 11, 2026 at 1:21 PM
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WH keeps 'pumping up' payrolls for tomorrow. Here's why. Revisions could wipe out all job growth last year. Zero. zip. nada.

(Note, downward revisions start in 2024, so not a simple politics story.)
February 10, 2026 at 5:54 PM
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"So what does the job market data say to you?"

"It says that we're underperforming right now... The thing that matters most to people's lives is the unemployment rate. Can you find work? And that was as low as 3½% a couple of years ago. It's now up around 4½%."
February 10, 2026 at 5:46 PM

Reposted by Iikka Korhonen

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The US continues losing blue-collar jobs—year-on-year job losses have hit 170k as manufacturing, transportation, & mining industries lose jobs at a rapid pace while growth in construction remains low
February 11, 2026 at 2:09 PM
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Trump: "I've cut hundreds of thousands of jobs"
February 10, 2026 at 9:44 PM
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…estimates, spanning from a job loss of 10,000 to a gain of nearly 140,000 jobs.
•There is an equally broad spectrum of opinions regarding the composition of this slowdown—specifically, the balance between supply-side constraints and cooling demand.
#economy #jobs #employment #unemployment #markets
February 11, 2026 at 9:49 AM
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Everyone thinking about jobs numbers needs to follow @aaronsojourner.org because he is the BEST out there.
Happy Dec #JobsDay!

At 8:30 am ET, @usbls.bsky.social delivers one of the most-important signals abt how economy is changing

Forecasts’ center:
+55K jobs
Unemployment rate (UR) steady at 4.4%

Report will reflect normal, annual revision processes but fodder for disinfo:
bsky.app/profile/aaro...
2. Annual Revisions for BLS Jobs Numbers Expected To Be Downward: The Causes Explained static1.squarespace.com/static/5bedb...
February 11, 2026 at 4:11 PM
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Also labor market has weakened over the last year.

Hires rate like 2011 is particularly worrisome, falling since Fed's hikes (figure).

Jobs have been stable for employed but tough for small share unemployed & wage growth has decelerated.

Today will revise 2024-'25 job growth ⬇️.
February 11, 2026 at 1:24 PM