Araverus Team|Thursday, February 5, 2026 at 7:21 PM
Araverus Team
Feb 5, 2026 · 7:21 PM
Economic Outlook · Hiring Plans · Layoffs · U.S. Job Market
New data indicates a significant increase in job cuts and a decline in hiring plans for January, suggesting a challenging start to the year for the U.S. job market.
January’s job gains surged past expectations and marked a strong start to the year following a weak year of job growth.
A ‘deep freeze’ has enveloped the U.S. labor market. A whole bunch of factors are at play.
The January jobs report will now be published on Wednesday, Feb. 11. The January consumer-price index will now appear on Friday, Feb. 13.
Canada’s job market began the year on a soft note, with fewer people looking for work and employment falling for the first time in five months.