| Payroll Net Change - MoM sa | ||||||||||||
| Jan/26 | ||||||||||||
| Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | Dec/25 | Jan/26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total nonfarm | 42 | 67 | 108 | 13 | −20 | 64 | −70 | 76 | −140 | 41 | 48 | 130 |
| Total private | 40 | 67 | 99 | 20 | −45 | 65 | −20 | 68 | 13 | 72 | 64 | 172 |
| Goods-producing | 1 | −1 | −4 | −17 | −19 | −23 | −35 | 11 | −20 | 25 | −12 | 36 |
| Construction | 3 | 6 | −2 | −2 | −2 | −6 | −22 | 16 | −12 | 36 | −4 | 33 |
| Mining and logging | 0 | −2 | 2 | −4 | −2 | −6 | −3 | −2 | 1 | −1 | 0 | −2 |
| Manufacturing | −2 | −5 | −4 | −11 | −15 | −11 | −10 | −3 | −9 | −10 | −8 | 5 |
| Durable goods | 1 | −5 | −1 | −8 | −12 | 1 | −15 | −5 | −9 | −3 | −2 | 9 |
| Nondurable goods | −3 | 0 | −3 | −3 | −3 | −12 | 5 | 2 | 0 | −7 | −6 | −4 |
| Service-providing | 39 | 68 | 103 | 37 | −26 | 88 | 15 | 57 | 33 | 47 | 76 | 136 |
| Trade, transportation and utilities | 11 | −14 | −9 | −18 | −24 | 3 | −1 | −18 | −11 | −65 | −40 | −9 |
| Wholesale trade | 3 | −14 | 5 | 1 | −10 | −6 | −9 | 9 | 3 | −6 | −5 | 0 |
| Retail trade | −18 | 16 | 4 | −22 | −14 | 5 | 10 | 13 | −15 | −1 | −35 | 1 |
| Transportation | 24 | −17 | −16 | 0 | 0 | 4 | −2 | −39 | 1 | −59 | −1 | −11 |
| Utilities | 2 | 2 | −1 | 3 | 0 | 0 | −1 | 0 | 0 | 2 | 1 | 1 |
| Information | −1 | −9 | −2 | −1 | −1 | −2 | −1 | −1 | −6 | −5 | −2 | −12 |
| Financial activities | 12 | 2 | 4 | 6 | −7 | 0 | −19 | 4 | −5 | 1 | −1 | −22 |
| Finance and insurance | 9 | 2 | −3 | 4 | −3 | 6 | −14 | 4 | 0 | −2 | −2 | −12 |
| Real estate | 2 | −1 | 7 | 1 | −3 | −6 | −5 | 0 | −6 | 4 | 0 | −10 |
| Professional services | −7 | −16 | 13 | −20 | −31 | −16 | −28 | −16 | −24 | 56 | 15 | 34 |
| Education and health services | 58 | 68 | 84 | 60 | 49 | 87 | 23 | 54 | 44 | 56 | 53 | 137 |
| Leisure and hospitality | −36 | 27 | 13 | 3 | −2 | 11 | 22 | 37 | 41 | −12 | 45 | 1 |
| Entertainment and recreation | 8 | 10 | −2 | 13 | 9 | 6 | 6 | 0 | −4 | −33 | 13 | −16 |
| Accommodation and food | −44 | 17 | 15 | −10 | −11 | 5 | 16 | 37 | 45 | 21 | 32 | 17 |
| Other services | 2 | 10 | 0 | 7 | −10 | 5 | 19 | −3 | −6 | 16 | 6 | 7 |
| Government | 2 | 0 | 9 | −7 | 25 | −1 | −50 | 8 | −153 | −31 | −16 | −42 |
| Private ex education and health | −18 | −1 | 15 | −40 | −94 | −22 | −43 | 14 | −31 | 16 | 11 | 35 |
| Total diffusion | 64.7 | 47.1 | 47.1 | 47.1 | 23.5 | 52.9 | 35.3 | 52.9 | 35.3 | 41.2 | 41.2 | 47.1 |
| Private diffusion | 62.5 | 50.0 | 43.8 | 50.0 | 18.8 | 56.2 | 37.5 | 50.0 | 37.5 | 43.8 | 43.8 | 50.0 |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Payroll Net Change - MM3M sa | ||||||||||||
| Jan/26 | ||||||||||||
| Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | Dec/25 | Jan/26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total nonfarm | 77 | 20 | 72 | 63 | 34 | 19 | −9 | 23 | −45 | −8 | −17 | 73 |
| Total private | 59 | 10 | 69 | 62 | 25 | 13 | 0 | 38 | 20 | 51 | 50 | 103 |
| Goods-producing | −14 | −11 | −1 | −7 | −13 | −20 | −26 | −16 | −15 | 5 | −2 | 16 |
| Construction | 0 | −1 | 2 | 1 | −2 | −3 | −10 | −4 | −6 | 13 | 7 | 22 |
| Mining and logging | −1 | −1 | 0 | −1 | −1 | −4 | −4 | −4 | −1 | −1 | 0 | −1 |
| Manufacturing | −13 | −9 | −4 | −7 | −10 | −12 | −12 | −8 | −7 | −7 | −9 | −4 |
| Durable goods | −12 | −7 | −2 | −5 | −7 | −6 | −9 | −6 | −10 | −6 | −5 | 1 |
| Nondurable goods | −1 | −2 | −2 | −2 | −3 | −6 | −3 | −2 | 2 | −2 | −4 | −6 |
| Service-providing | 73 | 21 | 70 | 69 | 38 | 33 | 26 | 53 | 35 | 46 | 52 | 86 |
| Trade, transportation and utilities | 17 | −6 | −4 | −14 | −17 | −13 | −7 | −5 | −10 | −31 | −39 | −38 |
| Wholesale trade | −5 | −10 | −2 | −3 | −2 | −5 | −8 | −2 | 1 | 2 | −3 | −4 |
| Retail trade | 11 | −1 | 1 | −1 | −11 | −10 | 0 | 9 | 3 | −1 | −17 | −12 |
| Transportation | 10 | 3 | −3 | −11 | −5 | 1 | 1 | −12 | −13 | −33 | −20 | −24 |
| Utilities | 1 | 2 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 |
| Information | −3 | −9 | −4 | −4 | −1 | −1 | −1 | −1 | −3 | −4 | −4 | −6 |
| Financial activities | 9 | 7 | 6 | 4 | 1 | 0 | −9 | −5 | −7 | 0 | −2 | −7 |
| Finance and insurance | 7 | 6 | 3 | 1 | 0 | 2 | −4 | −1 | −3 | 1 | −1 | −5 |
| Real estate | 1 | 1 | 3 | 2 | 2 | −3 | −5 | −4 | −4 | 0 | 0 | −2 |
| Professional services | −9 | −25 | −3 | −8 | −13 | −22 | −25 | −20 | −23 | 5 | 16 | 35 |
| Education and health services | 65 | 62 | 70 | 71 | 64 | 65 | 53 | 55 | 40 | 51 | 51 | 82 |
| Leisure and hospitality | −9 | −13 | 1 | 14 | 5 | 4 | 10 | 23 | 33 | 22 | 25 | 11 |
| Entertainment and recreation | 4 | 6 | 5 | 7 | 6 | 9 | 7 | 4 | 1 | −12 | −8 | −12 |
| Accommodation and food | −13 | −19 | −4 | 7 | −2 | −5 | 3 | 19 | 33 | 34 | 33 | 23 |
| Other services | 3 | 5 | 4 | 6 | −1 | 1 | 5 | 7 | 3 | 2 | 5 | 10 |
| Government | 18 | 10 | 4 | 1 | 9 | 6 | −9 | −14 | −65 | −59 | −67 | −30 |
| Private ex education and health | −6 | −52 | −1 | −9 | −40 | −52 | −53 | −17 | −20 | 0 | −1 | 21 |
| Total diffusion | 52.9 | 47.1 | 52.9 | 52.9 | 29.4 | 41.2 | 35.3 | 29.4 | 41.2 | 47.1 | 35.3 | 41.2 |
| Private diffusion | 50.0 | 43.8 | 50.0 | 50.0 | 25.0 | 37.5 | 37.5 | 31.2 | 43.8 | 50.0 | 37.5 | 43.8 |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Payroll Net Change - YoY sa | ||||||||||||
| Jan/26 | ||||||||||||
| Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | Dec/25 | Jan/26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total nonfarm | 1,072 | 911 | 955 | 890 | 783 | 794 | 715 | 636 | 463 | 370 | 181 | 359 |
| Total private | 724 | 648 | 684 | 659 | 536 | 609 | 616 | 542 | 559 | 515 | 367 | 615 |
| Goods-producing | −57 | −77 | −76 | −87 | −111 | −140 | −167 | −162 | −129 | −125 | −126 | −58 |
| Construction | 135 | 109 | 101 | 93 | 71 | 53 | 3 | 1 | −19 | 12 | −1 | 44 |
| Mining and logging | −11 | −16 | −6 | −6 | −4 | −12 | −13 | −17 | −16 | −19 | −17 | −19 |
| Manufacturing | −181 | −170 | −171 | −174 | −178 | −181 | −157 | −146 | −94 | −118 | −108 | −83 |
| Durable goods | −145 | −139 | −135 | −136 | −135 | −126 | −111 | −107 | −65 | −93 | −75 | −49 |
| Nondurable goods | −36 | −31 | −36 | −38 | −43 | −55 | −46 | −39 | −29 | −25 | −33 | −34 |
| Service-providing | 781 | 725 | 760 | 746 | 647 | 749 | 783 | 704 | 688 | 640 | 493 | 673 |
| Trade, transportation and utilities | −33 | −63 | −97 | −115 | −110 | −86 | −59 | −88 | −80 | −106 | −202 | −195 |
| Wholesale trade | −45 | −65 | −61 | −41 | −55 | −59 | −63 | −48 | −40 | −41 | −49 | −31 |
| Retail trade | −87 | −72 | −70 | −96 | −74 | −51 | −18 | −3 | −14 | 27 | −58 | −56 |
| Transportation | 89 | 62 | 24 | 11 | 8 | 13 | 15 | −41 | −31 | −99 | −104 | −117 |
| Utilities | 9 | 12 | 10 | 11 | 10 | 10 | 8 | 4 | 6 | 7 | 9 | 9 |
| Information | −82 | −84 | −75 | −66 | −67 | −56 | −49 | −44 | −34 | −37 | −49 | −43 |
| Financial activities | 48 | 52 | 61 | 64 | 45 | 50 | 23 | 27 | 20 | 12 | 5 | −25 |
| Finance and insurance | 53 | 56 | 50 | 49 | 32 | 42 | 24 | 28 | 30 | 17 | 10 | −10 |
| Real estate | −5 | −5 | 11 | 15 | 13 | 8 | −1 | −1 | −10 | −4 | −5 | −16 |
| Professional services | −185 | −174 | −146 | −183 | −187 | −181 | −169 | −166 | −151 | −108 | −126 | −40 |
| Education and health services | 934 | 907 | 903 | 893 | 851 | 897 | 862 | 798 | 747 | 719 | 697 | 773 |
| Leisure and hospitality | 52 | 43 | 74 | 108 | 93 | 97 | 124 | 131 | 149 | 113 | 119 | 150 |
| Entertainment and recreation | 71 | 64 | 62 | 69 | 72 | 72 | 70 | 82 | 67 | 18 | 25 | 10 |
| Accommodation and food | −19 | −21 | 12 | 38 | 21 | 25 | 54 | 49 | 83 | 95 | 94 | 140 |
| Other services | 47 | 44 | 40 | 45 | 22 | 28 | 51 | 46 | 37 | 47 | 49 | 53 |
| Government | 348 | 263 | 271 | 231 | 247 | 185 | 99 | 94 | −96 | −145 | −186 | −256 |
| Private ex education and health | −210 | −259 | −219 | −234 | −315 | −288 | −246 | −256 | −188 | −204 | −330 | −158 |
| Total diffusion | 47.1 | 47.1 | 58.8 | 58.8 | 58.8 | 58.8 | 52.9 | 47.1 | 35.3 | 47.1 | 35.3 | 35.3 |
| Private diffusion | 43.8 | 43.8 | 56.2 | 56.2 | 56.2 | 56.2 | 50.0 | 43.8 | 37.5 | 50.0 | 37.5 | 37.5 |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Average hourly earnings - MoM sa | ||||||||||||
| Jan/26 | ||||||||||||
| Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | Dec/25 | Jan/26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total private | 0.28 | 0.47 | 0.03 | 0.44 | 0.22 | 0.30 | 0.41 | 0.22 | 0.41 | 0.41 | 0.05 | 0.41 |
| Goods-producing | 0.30 | 0.71 | −0.11 | 0.46 | 0.27 | 0.32 | 0.38 | 0.21 | 0.43 | 0.35 | 0.32 | 0.29 |
| Construction | −0.10 | 0.49 | 0.31 | 0.31 | 0.74 | 0.64 | 0.45 | −0.45 | 0.43 | −1.01 | 0.71 | NA |
| Mining and logging | 0.00 | 0.05 | −0.60 | 0.78 | 0.05 | 0.27 | 0.27 | −0.30 | 0.79 | 0.15 | −0.02 | −0.32 |
| Manufacturing | −0.07 | 0.20 | 0.20 | 0.26 | −0.36 | 0.43 | −0.46 | −0.46 | 0.46 | −0.33 | 0.85 | NA |
| Durable goods | 1.37 | −0.18 | 0.26 | 1.02 | −0.65 | 0.15 | 1.19 | −0.57 | 0.68 | 0.39 | −0.75 | NA |
| Nondurable goods | 2.42 | 1.00 | −0.24 | 0.51 | 0.54 | 1.01 | −0.09 | 0.62 | 0.62 | 0.99 | −0.26 | NA |
| Service-providing | 0.28 | 0.42 | 0.06 | 0.45 | 0.19 | 0.33 | 0.41 | 0.22 | 0.41 | 0.41 | 0.00 | 0.41 |
| Trade, transportation and utilities | 0.16 | 0.02 | 0.74 | 0.83 | 0.55 | 0.99 | 1.42 | −0.88 | −0.17 | 0.87 | 0.50 | NA |
| Wholesale trade | 1.09 | 0.59 | 0.24 | 0.43 | 0.32 | −0.88 | 0.21 | 1.34 | 0.74 | −1.50 | 0.51 | NA |
| Retail trade | 0.09 | 0.45 | 0.13 | 0.31 | 0.71 | 0.39 | 0.13 | 0.48 | 0.35 | 1.34 | 0.26 | NA |
| Transportation | 1.96 | 1.06 | 0.00 | 1.53 | 1.36 | 1.63 | −1.36 | 0.18 | −0.54 | 0.40 | −0.91 | NA |
| Utilities | 0.58 | 0.46 | 0.34 | −0.30 | −0.20 | 0.02 | 0.29 | −0.27 | −0.37 | 0.67 | 0.90 | NA |
| Information | −0.58 | −0.10 | −0.25 | −0.30 | 2.27 | 0.42 | −3.60 | 0.41 | 5.74 | −0.65 | 1.61 | NA |
| Financial activities | 0.20 | 0.51 | 0.20 | 0.30 | 0.20 | 0.64 | 0.04 | 0.34 | −0.14 | 0.44 | 0.02 | NA |
| Professional services | 0.59 | 0.56 | −0.13 | 0.60 | 0.45 | −0.13 | 0.66 | 1.42 | −0.03 | −0.29 | 0.49 | NA |
| Education and health services | −0.23 | 0.13 | −0.08 | 0.33 | 0.13 | −0.40 | 0.71 | −0.10 | 0.38 | 1.05 | −0.15 | NA |
| Leisure and hospitality | 0.00 | −0.30 | 0.56 | 0.82 | 0.29 | −0.78 | 0.62 | 0.07 | 0.00 | 0.33 | 0.81 | NA |
| Other services | 0.25 | 0.53 | 0.37 | 0.00 | 0.69 | 0.16 | 0.36 | 0.92 | 1.03 | 0.31 | 0.75 | NA |
| Private ex education and health | −4.88 | −3.24 | −1.12 | −0.85 | −0.85 | −7.76 | 4.05 | −3.59 | 0.00 | 8.39 | −2.29 | NA |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Average hourly earnings - MM3M sa | ||||||||||||
| Jan/26 | ||||||||||||
| Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | Dec/25 | Jan/26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total private | 0.32 | 0.39 | 0.26 | 0.31 | 0.23 | 0.32 | 0.31 | 0.31 | 0.35 | 0.34 | 0.29 | 0.29 |
| Goods-producing | 0.33 | 0.48 | 0.30 | 0.35 | 0.21 | 0.35 | 0.32 | 0.30 | 0.34 | 0.33 | 0.36 | 0.32 |
| Construction | 0.04 | 0.37 | 0.23 | 0.37 | 0.45 | 0.56 | 0.61 | 0.21 | 0.14 | −0.34 | 0.04 | NA |
| Mining and logging | 0.13 | 0.22 | −0.18 | 0.07 | 0.07 | 0.37 | 0.20 | 0.08 | 0.26 | 0.21 | 0.30 | −0.07 |
| Manufacturing | −0.13 | 0.01 | 0.11 | 0.22 | 0.03 | 0.11 | −0.13 | −0.16 | −0.15 | −0.11 | 0.33 | NA |
| Durable goods | 0.40 | 0.10 | 0.48 | 0.36 | 0.21 | 0.17 | 0.23 | 0.25 | 0.43 | 0.17 | 0.11 | NA |
| Nondurable goods | 1.30 | 1.44 | 1.05 | 0.42 | 0.27 | 0.69 | 0.49 | 0.51 | 0.38 | 0.74 | 0.45 | NA |
| Service-providing | 0.32 | 0.37 | 0.25 | 0.31 | 0.23 | 0.32 | 0.31 | 0.32 | 0.35 | 0.35 | 0.27 | 0.27 |
| Trade, transportation and utilities | 0.01 | −0.02 | 0.31 | 0.53 | 0.71 | 0.79 | 0.99 | 0.50 | 0.12 | −0.07 | 0.40 | NA |
| Wholesale trade | 0.57 | 0.89 | 0.64 | 0.42 | 0.33 | −0.04 | −0.12 | 0.22 | 0.77 | 0.19 | −0.09 | NA |
| Retail trade | −0.03 | 0.01 | 0.22 | 0.30 | 0.38 | 0.47 | 0.41 | 0.34 | 0.32 | 0.72 | 0.65 | NA |
| Transportation | 0.17 | 0.52 | 1.00 | 0.86 | 0.97 | 1.51 | 0.53 | 0.14 | −0.58 | 0.01 | −0.35 | NA |
| Utilities | 0.30 | 0.45 | 0.46 | 0.16 | −0.06 | −0.16 | 0.03 | 0.01 | −0.12 | 0.01 | 0.40 | NA |
| Information | −0.18 | −0.39 | −0.31 | −0.22 | 0.57 | 0.79 | −0.33 | −0.94 | 0.80 | 1.79 | 2.17 | NA |
| Financial activities | 0.57 | 0.47 | 0.30 | 0.34 | 0.23 | 0.38 | 0.29 | 0.34 | 0.08 | 0.21 | 0.11 | NA |
| Professional services | 0.29 | 0.36 | 0.34 | 0.34 | 0.31 | 0.31 | 0.33 | 0.65 | 0.68 | 0.36 | 0.06 | NA |
| Education and health services | 0.19 | 0.14 | −0.06 | 0.13 | 0.13 | 0.02 | 0.14 | 0.07 | 0.33 | 0.44 | 0.42 | NA |
| Leisure and hospitality | 0.39 | 0.20 | 0.09 | 0.36 | 0.56 | 0.11 | 0.04 | −0.03 | 0.23 | 0.13 | 0.38 | NA |
| Other services | 0.36 | 0.37 | 0.38 | 0.30 | 0.35 | 0.28 | 0.40 | 0.48 | 0.77 | 0.76 | 0.70 | NA |
| Private ex education and health | −1.04 | −2.19 | −3.13 | −1.76 | −0.94 | −3.13 | −1.67 | −2.59 | 0.10 | 1.53 | 1.91 | NA |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Average hourly earnings - YoY sa | ||||||||||||
| Jan/26 | ||||||||||||
| Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | Dec/25 | Jan/26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total private | 4.11 | 4.21 | 3.91 | 3.98 | 3.86 | 3.96 | 3.98 | 3.85 | 3.92 | 3.93 | 3.73 | 3.71 |
| Goods-producing | 4.30 | 4.47 | 4.07 | 4.16 | 3.98 | 3.99 | 4.09 | 3.91 | 4.01 | 4.08 | 4.15 | 4.00 |
| Construction | 4.44 | 4.50 | 3.79 | 3.64 | 3.47 | 4.24 | 4.33 | 3.13 | 3.84 | 2.05 | 3.28 | NA |
| Mining and logging | 1.78 | 2.11 | 0.45 | 1.44 | 1.06 | 1.77 | 1.89 | 1.28 | 1.91 | 1.85 | 2.08 | 1.12 |
| Manufacturing | 4.21 | 3.46 | 3.56 | 3.48 | 3.11 | 2.58 | 2.04 | 0.46 | 0.36 | −0.46 | 0.62 | NA |
| Durable goods | 3.86 | 3.20 | 4.01 | 4.36 | 3.22 | 2.83 | 4.02 | 2.85 | 3.48 | 3.54 | 2.01 | NA |
| Nondurable goods | 7.50 | 8.89 | 6.95 | 7.74 | 8.68 | 9.21 | 7.97 | 8.50 | 8.58 | 9.21 | 8.31 | NA |
| Service-providing | 4.07 | 4.14 | 3.90 | 3.97 | 3.82 | 3.98 | 3.96 | 3.87 | 3.94 | 3.92 | 3.66 | 3.64 |
| Trade, transportation and utilities | 0.45 | 0.48 | 0.95 | 1.92 | 2.93 | 3.81 | 5.62 | 4.47 | 3.75 | 4.46 | 4.86 | NA |
| Wholesale trade | 8.60 | 8.39 | 7.52 | 7.21 | 7.22 | 4.78 | 5.04 | 6.06 | 6.13 | 3.22 | 4.14 | NA |
| Retail trade | 0.94 | 1.26 | 0.94 | 0.85 | 0.88 | 2.14 | 2.00 | 2.95 | 3.03 | 4.27 | 4.21 | NA |
| Transportation | 4.62 | 5.98 | 5.35 | 5.11 | 8.13 | 7.00 | 4.03 | 6.22 | 4.92 | 4.82 | 3.87 | NA |
| Utilities | 6.24 | 6.01 | 6.26 | 4.92 | 4.15 | 2.67 | 3.33 | 2.14 | 1.16 | 1.51 | 2.41 | NA |
| Information | 1.52 | 1.28 | 0.41 | 0.51 | 3.13 | 3.23 | −0.41 | −0.66 | 4.56 | 3.20 | 4.28 | NA |
| Financial activities | 4.89 | 4.49 | 4.48 | 4.97 | 5.07 | 5.76 | 5.16 | 5.34 | 4.20 | 4.31 | 3.50 | NA |
| Professional services | 6.78 | 6.68 | 5.52 | 6.15 | 5.53 | 4.61 | 4.61 | 5.54 | 5.26 | 4.05 | 4.19 | NA |
| Education and health services | 3.93 | 3.82 | 3.55 | 4.03 | 3.75 | 2.98 | 3.18 | 2.44 | 2.25 | 2.71 | 2.30 | NA |
| Leisure and hospitality | 3.65 | 2.99 | 3.40 | 4.10 | 3.95 | 2.24 | 2.78 | 2.71 | 2.53 | 2.80 | 3.36 | NA |
| Other services | 2.91 | 2.77 | 3.40 | 3.10 | 4.29 | 3.59 | 3.62 | 4.45 | 5.44 | 5.59 | 5.86 | NA |
| Private ex education and health | 2.21 | 0.00 | 0.00 | 4.46 | 2.65 | −6.96 | −4.84 | −11.29 | −13.67 | −8.64 | −10.97 | NA |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Over the month change | ||||||||||||
| Jan/26 | ||||||||||||
| Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | Dec/25 | Jan/26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Level | ||||||||||||
| Labor force | −255 | 200 | 413 | −562 | −112 | 32 | 338 | 511 | NA | NA | −46 | 387 |
| Employed | −493 | 171 | 389 | −654 | 83 | −187 | 230 | 286 | NA | NA | 232 | 528 |
| Unemployed | 239 | 28 | 23 | 93 | −194 | 218 | 108 | 225 | NA | NA | −278 | −141 |
| Not in labor force | 416 | −23 | −239 | 750 | 312 | 168 | −122 | −287 | NA | NA | 229 | −221 |
| Rates | ||||||||||||
| Participation rate | 62.5 | 62.5 | 62.6 | 62.4 | 62.3 | 62.2 | 62.3 | 62.5 | NA | 62.5 | 62.4 | 62.5 |
| Unemployment rate | 4.17 | 4.18 | 4.18 | 4.25 | 4.14 | 4.27 | 4.32 | 4.44 | NA | 4.54 | 4.38 | 4.28 |
| Reason for unemployment | ||||||||||||
| Reentrants | 80 | −30 | 58 | 51 | −131 | 39 | 103 | 34 | NA | NA | −263 | −180 |
| New entrants | 5 | 70 | −34 | 25 | −11 | 259 | −190 | 21 | NA | NA | 66 | −48 |
| Job leavers | 5 | −46 | −15 | −148 | 119 | −40 | 0 | 75 | NA | NA | −29 | 197 |
| Job losers on layoff | −18 | −1 | 55 | 6 | −12 | 73 | −50 | −46 | NA | NA | −73 | −83 |
| Completed temporary | 57 | −58 | −23 | −2 | −120 | 32 | 49 | 41 | NA | NA | −48 | 86 |
| Permanent job losers | 35 | 54 | 100 | 0 | −21 | 2 | 37 | 81 | NA | NA | 33 | 38 |
| Duration of unemployment | ||||||||||||
| Less than 5 weeks | 42 | 28 | −168 | 262 | −202 | 50 | 171 | −243 | NA | NA | −251 | −134 |
| 5-14 weeks | 12 | 38 | 173 | −208 | 187 | 171 | 102 | −109 | NA | NA | 38 | −113 |
| 15-26 weeks | 205 | −7 | 108 | −59 | −74 | −88 | 17 | 298 | NA | NA | −121 | 81 |
| 27 weeks and over | −125 | −23 | −17 | 49 | 22 | 102 | −115 | 235 | NA | NA | 5 | −2 |
| Full vs Part time | ||||||||||||
| Full time workers | −1,280 | 437 | 296 | −578 | 415 | −349 | −371 | 689 | NA | NA | 890 | 582 |
| Part time workers | 593 | −68 | 69 | 25 | −340 | 246 | 590 | −553 | NA | NA | −740 | 31 |
| Part time for economic reason | 467 | −176 | −89 | −69 | −168 | 185 | 130 | −192 | NA | NA | −135 | −432 |
| Part time for noneconomic reason | 104 | 150 | 165 | −141 | −30 | 173 | 436 | −500 | NA | NA | −846 | 710 |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Household survey - Over the month change (MM3M) | ||||||||||||
| Jan/26 | ||||||||||||
| Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | Dec/25 | Jan/26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Level | ||||||||||||
| Labor force | 731 | 712 | 119 | 17 | −87 | −214 | 86 | 294 | NA | NA | NA | NA |
| Employed | 726 | 641 | 22 | −31 | −61 | −253 | 42 | 110 | NA | NA | NA | NA |
| Unemployed | 5 | 71 | 97 | 48 | −26 | 39 | 44 | 184 | NA | NA | NA | NA |
| Not in labor force | 397 | 417 | 51 | 163 | 274 | 410 | 119 | −80 | NA | NA | NA | NA |
| Rates | ||||||||||||
| Participation rate | 62.5 | 62.5 | 62.5 | 62.5 | 62.4 | 62.3 | 62.3 | 62.3 | NA | NA | NA | 62.5 |
| Unemployment rate | 4.1 | 4.12 | 4.18 | 4.2 | 4.19 | 4.22 | 4.24 | 4.34 | NA | NA | NA | 4.4 |
| Reason for unemployment | ||||||||||||
| Reentrants | 21 | 44 | 36 | 26 | −7 | −14 | 4 | 59 | NA | NA | NA | NA |
| New entrants | −11 | 31 | 14 | 20 | −7 | 91 | 19 | 30 | NA | NA | NA | NA |
| Job leavers | 21 | −25 | −19 | −70 | −15 | −23 | 26 | 12 | NA | NA | NA | NA |
| Job losers on layoff | 17 | −16 | 12 | 20 | 16 | 22 | 4 | −8 | NA | NA | NA | NA |
| Completed temporary | 5 | 3 | −8 | −28 | −48 | −30 | −13 | 41 | NA | NA | NA | NA |
| Permanent job losers | −40 | 33 | 63 | 51 | 26 | −6 | 6 | 40 | NA | NA | NA | NA |
| Duration of unemployment | ||||||||||||
| Less than 5 weeks | 47 | 62 | −33 | 41 | −36 | 37 | 6 | −7 | NA | NA | NA | NA |
| 5-14 weeks | −63 | −17 | 74 | 1 | 51 | 50 | 153 | 55 | NA | NA | NA | NA |
| 15-26 weeks | 34 | 47 | 102 | 14 | −8 | −74 | −48 | 76 | NA | NA | NA | NA |
| 27 weeks and over | −66 | −64 | −55 | 3 | 18 | 58 | 3 | 74 | NA | NA | NA | NA |
| Full vs Part time | ||||||||||||
| Full time workers | 353 | 518 | −182 | 52 | 44 | −171 | −102 | −10 | NA | NA | NA | NA |
| Part time workers | 296 | 148 | 198 | 9 | −82 | −23 | 165 | 94 | NA | NA | NA | NA |
| Part time for economic reason | 167 | 135 | 67 | −111 | −109 | −17 | 49 | 41 | NA | NA | NA | NA |
| Part time for noneconomic reason | 41 | −13 | 140 | 58 | −2 | 1 | 193 | 36 | NA | NA | NA | NA |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Household survey - Over the year change | ||||||||||||
| Jan/26 | ||||||||||||
| Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | Dec/25 | Jan/26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Level | ||||||||||||
| Labor force | 2,872 | 2,658 | 3,131 | 2,685 | 2,346 | 2,017 | 2,258 | 2,599 | NA | 3,293 | 2,989 | 1,186 |
| Employed | 2,255 | 2,047 | 2,460 | 2,064 | 2,175 | 1,843 | 1,941 | 1,843 | NA | 2,601 | 2,406 | 689 |
| Unemployed | 618 | 611 | 669 | 621 | 173 | 174 | 317 | 756 | NA | 692 | 583 | 497 |
| Not in labor force | 2,263 | 2,480 | 2,001 | 2,452 | 2,800 | 3,123 | 2,887 | 2,546 | NA | 1,877 | 2,189 | 1,111 |
| Rates | ||||||||||||
| Participation rate | 62.5 | 62.5 | 62.6 | 62.4 | 62.3 | 62.2 | 62.3 | 62.5 | NA | 62.5 | 62.4 | 62.5 |
| Unemployment rate | 4.17 | 4.18 | 4.18 | 4.25 | 4.14 | 4.27 | 4.32 | 4.44 | NA | 4.54 | 4.38 | 4.28 |
| Reason for unemployment | ||||||||||||
| Reentrants | 258 | 244 | 296 | 242 | 37 | 19 | 166 | 283 | NA | 451 | 287 | 25 |
| New entrants | 34 | 84 | 123 | 89 | 14 | 336 | 94 | 170 | NA | 68 | 191 | 124 |
| Job leavers | 205 | 47 | 69 | −19 | 71 | −72 | −63 | 42 | NA | 9 | −113 | 119 |
| Job losers on layoff | −8 | 25 | 16 | 46 | 46 | −151 | 22 | −58 | NA | 233 | 64 | 9 |
| Completed temporary | 92 | 84 | 53 | 46 | −177 | −170 | −140 | 11 | NA | −112 | −108 | −31 |
| Permanent job losers | 20 | 152 | 174 | 165 | 244 | 204 | 244 | 334 | NA | 56 | 255 | 283 |
| Duration of unemployment | ||||||||||||
| Less than 5 weeks | 17 | 176 | −93 | 154 | 99 | −49 | 32 | 67 | NA | 348 | 114 | −137 |
| 5-14 weeks | 242 | 240 | 423 | 108 | 117 | 285 | 388 | 203 | NA | 259 | 397 | 386 |
| 15-26 weeks | 229 | 181 | 294 | 293 | 18 | −139 | 14 | 398 | NA | 130 | 55 | 194 |
| 27 weeks and over | 59 | 25 | 107 | 73 | −5 | 90 | −105 | 161 | NA | −41 | −7 | 35 |
| Full vs Part time | ||||||||||||
| Full time workers | 1,590 | 2,078 | 1,610 | 1,511 | 2,051 | 1,164 | 1,140 | 1,547 | NA | 767 | 1,713 | −101 |
| Part time workers | 646 | −51 | 815 | 537 | 88 | 694 | 881 | 291 | NA | 1,819 | 704 | 815 |
| Part time for economic reason | 608 | 470 | 230 | 215 | 227 | 68 | −45 | −44 | NA | 1,036 | 981 | 434 |
| Part time for noneconomic reason | 70 | −277 | 525 | −11 | 273 | 716 | 768 | 111 | NA | 733 | −423 | 579 |
| Table: ARX Macro | Data: BLS | ||||||||||||