Big Take Podcast

The Good News and Bad News in the January Jobs Report

Today on the Big Take: What the latest jobs report and a spate of recent high-profile job cuts reveal about the state of the US labor market.

A worker installs roofing on a home under construction in Vacaville, California.Photographer: David Paul Morris/Bloomberg

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By Sarah Holder, David Fox, and Julia Press

February 11, 2026 at 9:37 PM UTC

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The latest jobs report from the US Bureau of Labor Statistics is a mixed bag. January’s numbers came in much stronger than expected — but revisions on 2025 data showed a weaker year than previously realized.