2/9/2026
By Charles Payne, CEO & Principal Analyst

Green Shoots

The January Institute for Supply Management (ISM) Manufacturing report showed significant gains, especially in new orders.

Jobs Data

It was the highest number of job cuts announced in January in the past 2 decades. As expected, technology saw the most cuts, second only to transportation. Interestingly, chemical manufacturers cited the implementation of artificial intelligence.

Reason for Cuts

JOLTs

Job openings continue to dwindle, as ‘quits’ have plateaued. The bottom line is that the job pendulum has swung completely in favor of employers.

Jobless Boom

I have been saying for over a year that we are entering a jobless boom, which sounds oxymoronic, but is the reality in the world of AI.

The wealth effect and building boom are offsetting the lack of jobs.

To read the full report, contact your account representative or email Info@wstreet.com.

Charles Payne
Wall Street Strategies

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