The January Jobs Numbers Exceed Expectations
WSJ Opinion: Potomac Watch
The Wall Street Journal
4.2 • 2.8K Ratings
🗓️ 12 February 2026
⏱️ 20 minutes
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| 0:21.5 | new for sale and rental listings July 24 through June 2025 number one trusted based |
| 0:26.2 | on August 2025 proprietary survey among real estate professionals from the |
| 0:33.4 | opinion pages of the Wall Street Journal this is is Potomac Watch. Are we in an economic golden age? |
| 0:42.0 | And if we are, why do Americans say they feel like it's more of a bronze age? The economic numbers |
| 0:49.3 | look good if you listen to government statistics, but Americans don't seem to feel it. So what is going on |
| 0:56.5 | in the American economy? That's our subject today on Potomac Watch. I'm Paul Giego here on the |
| 1:03.0 | daily podcast of Wall Street Journal Opinion, and I'm here with two of my colleagues who are |
| 1:07.5 | economy watchers, Joe Sternberg and Alicia Finley. |
| 1:11.1 | So there was some good statistical news on Wednesday. |
| 1:14.9 | Delayed jobs report for the month of January, delayed due to the backup at the agency because of the autumn government shutdown. |
| 1:23.2 | But it showed that January job growth was much better than economists had expected. |
| 1:29.3 | 130,000 net new jobs in the month, even better, 172,000 or so in the private economy, |
| 1:37.2 | thanks to a 42,000 job reduction in government hiring. |
| 1:42.4 | That's how you get to 130. |
| 1:44.0 | Let's listen to Kevin Hassett, |
| 1:45.9 | the White House economic czar, talk about the results. |
... |
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