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Special Report

Employment Research Brief

February 2026

After Steep Revisions Reset Payrolls Lower, Hiring Begins to Gradually Rebuild 

Employment growth firms despite 2025 revisions. Benchmark revisions underscored weak job growth in 2025, lowering the annual gain to just 181,000 jobs. January 2026 nevertheless recorded an uptick in hiring, and although early-year data can be volatile, the trailing three-month trend points to improving payroll gains.

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