It has broken down for three straight years, and the implications could be with us for a long time. Three years ago, something unusual happened in America. In the middle of a period of economic growth, during which U.S. businesses had been creating, like clockwork, more than 150,000 jobs each month, suddenly the private sector added just 84,000 jobs.
That was in November 2023. In December that year, it happened again: The economy added only 99,000 private-sector jobs. Over the next few years, hiring got a lot worse.
It marked the beginning of a new kind of economy, one the nation had never experienced in its history. Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 The U.S. economy is gathering steam.
This is the chief reason why. Four reasons to start worrying about inflation — the end of tariff refunds is one of them Big Tech’s earnings are on deck. There’s more for investors to watch than AI spending.
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