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January Jobs Report: Modest Gains Amid Easing Inflation

2/11/2026

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Story summary
  • The January jobs report will be released on Wednesday with economists predicting modest job gains and 4.4% unemployment.
  • The report may show a net decline in 2025 jobs due to demographic shifts and tight immigration.
  • The consumer price index on Friday is expected to show inflation easing from 2.7% to 2.5% year over year.
  • Still, many Americans feel inflation is closer to 3.5%–4% as rents, electricity, and food costs rise.