The U.S. labor market faces a slow start in 2026, with weakening hiring momentum.
BlockBeats news, on January 7, the number of hires by U.S. companies in December rose moderately, indicating weak growth momentum heading into 2026. According to data from the ADP Research Institute, after a decline last month, private sector employment increased by 41,000, falling short of expectations.
ADP Chief Economist Nela Richardson stated in a release: "While large employers are contracting, small organizations recovered from November layoffs by actively hiring at the end of the year." The report further demonstrates that the labor market is gradually cooling, but not deteriorating rapidly. Recent hiring activity has been lukewarm and the unemployment rate has risen, which has not only affected economists' forecasts for the new year but also Americans' own outlook on employment prospects. (Golden Ten Data)
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