February 10, 2026
Last week we were supposed to witness the release of the first major release using 2026 data. Unfortunately, the short government shutdown has delayed the release of the January employment report. Hopefully the delayed report will be released this week (estimated Weds), and the shutdown does not bring into question the validity of the numbers as the jobs report relies upon surveys which cannot be replicated during a later date. Much like an individual’s credit report, these are moving numbers of which the employment report is taking a still photo. If you don’t snap the photo at the right time, the moment is gone.
We did see the release of the ADP employment report which is an independent view of the private-sector labor market the payroll data of more than 26 million U.S. employees. The report showed the gain of 22,000 jobs in the private sector, short of even reduced expectations.However, while this report is an important indication of the overall employment sector, it frequently does not coincide with the trends witnessed within the government release. Thus, we will have to be patient and hope we get a more complete picture this week. The ISM manufacturing index was released, and it showed an unexpected expansion of manufacturing activity in January, which was good news. We also saw the release of the ISM services index, which came in on target with estimates.
We recently experienced another factor which could have affected the direction of interest rates and thus the momentum of the economy. The market’s reaction to the controversy around Greenland demonstrated that there are always unforeseen factors which can arise during the year. Thankfully, this controversy was resolved, at least for now, and the markets calmed down. But as we indicated, this only served to be a reminder regarding these unforeseen factors. Whether these factors are weather related, international conflicts or even political events, 2026 is just beginning and we always need to keep an eye out for the unexpected. In other words, expect the unexpected!
Source: Origination Pro
AMERIMUTUAL MORTGAGE (NMLS# 148447) Address: 18-33 41st Street, 2nd Floor, Astoria, NY 11105 Tel: (718) 943-9200 Fax: (718) 204 – 0657
As a respected leader in the NYC, New York lending business, AMERIMUTUAL Mortgage in Astoria NY has been successful in revolutionizing the industry one mortgage at a time. Our company values are grounded in the principles of honesty and fair dealing. For you, this means responsible lending with reasonable fees and you can enjoy a worry-free lending experience from a local Astoria, NY business you can trust.
AMERIMUTUAL is an Upfront Mortgage Broker that places a premium on transactional transparency. Our valued clients appreciate this advantageous approach and enjoy the benefits of having a mortgage broker that is fully aligned with consumer interests.
Review our A+ Rating and information on file with the Better Business Bureau.