So why is the American job market limping behind?The Labor Department is expected to report Wednesday that companies, government agencies and nonprofits added 75,000 jobs last month, according to a survey of forecasters by the data firm FactSet. (In the hiring boom of 2021-2023, by contrast, they were creating 400,000 jobs a month. A preliminary estimate of that revision, released last September, showed it could erase 911,000 jobs in the year that ended in March 2025. Shruti Mishra, U.S. economist at Bank of America, believes those revisions likely reduced job creation by 20,000 to 30,000 a month from April 2025 onward. Researchers at the Brookings Institution believe it could now be as low as 20,000 and headed lower.The combination of weak hiring but low unemployment means that most American workers are enjoying job security.

Source: Economic Times February 11, 2026 19:18 UTC