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January Hiring Seen at 80,000 as Labor Market Shows Signs of Gradual Cooling

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Wells Fargo Economics expects steady unemployment, softer wage pressure, and downward revisions to 2025 job growth After several years in which the labor market provided consistent support to household income and spending, early 2026 is shaping up as a period of moderation rather than momentum. The January employment report is expected to reflect that shift, […]

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