Thursday, February 05, 2026

Layoffs in January Were the Highest to Start a Year Since 2009

U.S. employers announced 108,435 layoffs for the month, up 118% from the same period a year ago and 205% from December 2025.

More

CNN: "New data shows January was the lowest months for job cuts since the 2009 Great Recession ... layoffs way up, hiring ways down. During the month of January, US-based employers announced just over 108,000 layoffs. That's roughly double January 2025. In fact, this is the highest since January 2009"

[image or embed]

-- Aaron Rupar (@atrupar.com) Feb 5, 2026 at 8:15 AM

Comments

"Nobody knows more about the economy than me!"

- Pedo47

#1 | Posted by Nixon at 2026-02-05 08:47 AM

Absolutely Biden's Fault!

#2 | Posted by e1g1 at 2026-02-05 11:47 AM

#Winning

#3 | Posted by Sycophant at 2026-02-05 12:05 PM

US weekly jobless claims surge, but trend still consistent with labor market stability
www.reuters.com

... Weekly jobless claims increase 22,000 to 231,000

Continuing claims rise 25,000 to 1.844 million

The number of Americans filing new applications for unemployment benefits increased more than expected last week, but the underlying trend remained consistent with a stable labor market.

The biggest rise in weekly jobless claims in nearly two months reported by the Labor Department on Thursday likely reflected distortions from snowstorms across much of the country as well as normalization after volatility linked to difficulties adjusting the data for seasonal fluctuations around the holiday season and at the turn of the year.

"There is no sign of the kind of layoffs we expect to see in a weakening labor market during the early days of a recession," said Carl Weinberg, chief economist at High Frequency Economics. "The level of claims is just very low. Claims are well within the recent range over the last two years."

Initial claims for state unemployment benefits jumped 22,000, the largest increase since early December, to a seasonally adjusted 231,000 for the week ended January 31, the Labor Department said on Thursday. Economists polled by Reuters had forecast 212,000 claims for the latest week. ...



#4 | Posted by LampLighter at 2026-02-05 12:15 PM

US job openings drop to more than five-year low in December
www.reuters.com

... U.S. job openings dropped to the lowest level in more than five years in December and data for the prior month was revised lower amid a softening in labor market conditions at the end of 2025.

Job openings, a measure of labor demand, decreased by 386,000 to 6.542 million by the last day of December, the lowest level since September 2020, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Thursday. ...


#5 | Posted by LampLighter at 2026-02-05 12:28 PM

As of mid-day February 5:
-S&P 500 off 0.36% YTD
-Bloomberg Bitcoin index down 30% from three weeks ago
-Nearly no job growth
-Inflation causing the Fed to keep rates steady
-Manufacturing jobs and output down from the beginning of the Trump debacle
-Retail price inflation up
-Housing prices still elevated and stabilizing at higher levels
-Scott Bessent on Capitol Hill giving testimony that demonstrates he is in over his head as Treasury Secretary

This is a time for strong leadership, and the stooges and chuckleheads in the administration are so far out of their depth that they will provide no help to the American People, and the insane orange oaf at the top is focused on retribution, building a ballroom and avoiding places where people will boo him out of the room...

#6 | Posted by catdog at 2026-02-05 12:37 PM

Drudge Retort Headlines

Poland to Probe Epstein-Russian Intel Ties (58 comments)

Pirro: Jail Time for Gun Owners who Travel to D.C. with Guns (27 comments)

Republicans Freaking Out About Hispanic Voters (26 comments)

Largest Nurses Union in the US Calls to Abolish ICE (18 comments)

Huge Gold Statue of Trump Will Be Displayed at Doral Resort (16 comments)

Woman Speaks Out After Being Shot 5 Times by ICE Goons (16 comments)

Minneapolis Nominated for Nobel Peace Prize after ICE Protests (13 comments)

11th Airborne Receives Stand Down Orders (13 comments)

ICE Agents Whine That They Aren't Getting Their Massive Bonuses (12 comments)

'This Job Sucks!' Trump DOJ Lawyer Melts Down in Court (12 comments)