US Economy Declares Itself 'Perfectly Fine' Despite Secret Job Flatline
KEY POINTS
- •The Labor Department reported adding 130,000 jobs in January with unemployment dropping to 4.3%, but yearly gains averaged only 15,000 per month.
- •Finance and professional service sectors are shedding jobs, likely due to anticipated AI efficiency savings as job openings saw a sharp drop this week.
- •Inflation rose modestly at 2.4% annually, though electricity prices jumped 6.3%, natural gas climbed 9.8%, and coffee prices surged 18.3%.
In January 2026, the U.S. economy strutted its ‘Goldilocks’ vibe with a milky 130,000 jobs added and a modest 4.3% unemployment rate, straight outta the Labor Department report. But hold your applause—yearly job growth secretly flatlined to a sleepy 15,000/month average, while high-rolling finance and professional services dumped jobs faster than AI can say 'automation savings.' Meanwhile, consumer prices barely nudged up 2.4% over 12 months, an almost Federal Reserve-thrilling close to that 2% inflation dream. Still, home electricity surged 6.3%, natural gas tanked wallets up 9.8%, and your morning coffee hit a devilish 18.3% hike. Investors are oscillating between 'AI apocalypse' freakouts and pretending everything’s cool, with the S&P 500 shimmying down just 1.4% for the week—solid on the surface, spooky beneath.
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Source: Axios | Published: 2/14/2026 | Author: Neil Irwin