2026-02-12
13 分钟January's job numbers were the strongest in more than a year.
Plus, in South Texas, immigration raids mean half-finished houses are sitting idle and empty.
The effects of it trickle down
because it affects the banks where builders and others are getting loans.
It affects people who are waiting to buy homes or move into homes.
It affects the material suppliers.
And the federal deficit is expected to deepen by trillions of dollars over the next decade.
It's Wednesday, February 11th.
I'm Alex Osela for the Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
The delayed January jobs report is here, and it's better than investors and economists had expected.
The U.S.
economy added 130,000 jobs in January, its strongest growth in more than a year.
The unemployment rate fell to 4.3% from 4.4%.
It's a sign that the labor market is shaking off its recent slump, but can it continue?
For more behind the numbers, I'm joined by WSJ Economics reporter Justin Layhart.
Justin, the jobs numbers were more than double the 55,000 jobs economists had expected.
Why were these numbers so surprising to economists?
I think because of what they had seen over the past several months,