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US Labor Market Faces Slow Start in 2026, Hiring Momentum Weakens
Summary: According to sources, US companies saw a modest increase in hiring in December, signaling a sluggish growth momentum entering 2026. Based on data from the ADP Research Institute, private sector employment increased by 41,000 people, falling short of expectations after a decline last month. ADP Chief Economist Nela Richardson stated that while large employers are ...
According to sources, US companies saw a modest increase in hiring in December, signaling a sluggish growth momentum entering 2026. Based on data from the ADP Research Institute, private sector employment increased by 41,000 people, falling short of expectations after a decline last month. ADP Chief Economist Nela Richardson stated that while large employers are contracting, small firms are recovering from November layoffs by actively hiring at year-end. The report further indicates that the labor market is gradually cooling off, but not deteriorating rapidly. Recent hiring activity has been lackluster, with an increase in the unemployment rate, impacting both economists' forecasts for the new year and Americans' perceptions of job prospects.
