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The U.S. Labor Market Faces Chilly Start to 2026 with Weakening Hiring Momentum
BlockBeats News, January 7th: U.S. Business Hiring in December saw a modest increase, signaling a slowdown in growth momentum post-2026. According to ADP Research Institute data, after experiencing a decline last month, private sector employment added 41,000 jobs, below expectations.
ADP Chief Economist Nela Richardson stated, "Despite large employers contracting, small firms rebounded from November layoffs at year-end through active recruitment." The report further illustrates that the labor market is gradually cooling off but not deteriorating rapidly. Recent hiring activities have been lukewarm, with a slight uptick in the unemployment rate, impacting not only economists' forecasts for the new year but also Americans' own perceptions of job prospects. (FXStreet)
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