Institute Employment Report for January 2026

This analytical report from Bank of America provides insights into the labor market as of January 2026, highlighting payroll growth, unemployment benefits trends, and wage disparities among income groups. Key findings include a 0.8% year-over-year payroll growth, a slight decline in unemployment benefits, and notable differences in after-tax wage growth between higher, middle, and lower-income households. The report emphasizes the importance of monitoring middle-income wage trends for future con