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- [00:01]
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This is Scott Becker with the Becker Business and the Becker Private Equity Podcast. Today's discussion is the January jobs report. The Good, the Bad and the Ugly. So here's the issue with the January jobs report. The good is this. We added more jobs than expected in January, adding about 130,000 jobs. That's about twice as much as was forecasted. Moreover, unemployment fell slightly to 4.3% from 4.4%. That's a real win. Second, the bad. The bad is as follows. 2025 job growth was revised downward in a really big way. Rather than creating the previously reported nearly 550,000 jobs, the economy only created about 181,000 jobs in 2025. That's a really small number when you have a population of almost 350 million people. So that's the bad. The ugly. Here's the ugly about the job market. The ugly is the nation has its lowest level of open jobs since 2020 and around 6.54 million jobs. That was again about 700,000 less jobs open than projected. So. So harder and harder to find jobs. A footnote to all of this, there's an article in the Wall Street Journal that healthcare created the vast majority of the 130,000 jobs added in January. That's currently the growth engine in the economy is healthcare. And that makes some sense because there a tremendous need for health care and the supply and demand is largely out of balance. So that's really where we're at on jobs in health care. The good, the Bad and the ugly. Thank you very much for listening to the Becker Business and the Becker Private Equity podcast. Thank you very very much.
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