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Cover of the US Market Briefing for January 2026

Insight Subjects

Insight Region

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US Market Briefing: January 2026

Content Insights

  • December payroll growth slowed to 50,000 as unemployment dipped to 4.4%
  • Job openings fell 1.4% month-on-month and around 14% year-on-year
  • Annual wage growth eased to 3.8%, while quits remained low at 3.2 million
Modest December payroll growth, falling job openings and easing wage growth signal a subdued US labour market

The January 2026 US Market Briefing reviews December’s slower payroll growth, softer job openings, and easing wage growth as employers entered the first quarter. Read the full report below.

Open or download the full US Market Briefing for January 2026 (PDF)