CNBC Business News Update - Market Midday: Stocks Mixed, US Added More Jobs Than Expected In January, Unemployment Rate Ticks Lower 2/11/26

Episode Date: February 11, 2026

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I'm Jessica Eddinger. CNBC, Wall Street is mixed this afternoon, even with a better than expected job creation number for January. The Dow is up 54 points. Caterpillar shares lifting it this afternoon. They're up 4%. The S&P 500 index now up 10 points. It's the NASDAQ that's still in the red, down 46 points. Shares of Nvidia have been volatile today. They're up 1.5% now. The Trump-Canada tariffs are facing a vote in the House of Representatives after Republican leaders failed to block a rebellion. The U.S. added a surprisingly strong 130,000 jobs in January. It was a delayed employment report from the Labor Department because of the brief government shutdown from last week. The unemployment rate ticked down to 4.3 percent, where the U.S. was last summer back in August. Non-farm payrolls for January coming in twice expectations had 130,000. That would be the juiciest going back to April of last year. CNBC's Rick Santelli.

But the number of jobs created in 2025 actually was much lower than first thought. The revisions have come. Revisions came in at 860-something thousand jobs. That's still a huge downward revision to last year. near net zero job growth over the course of 2025. I'm glad to see payroll employment came in stronger than anticipated. This print still demonstrates continued weakness in the labor market. It's nice to see that manufacturing employment is ticking up for the first time in nine months.

We're still seeing inflation stubbornly elevated. And we're seeing this continued kind of anemic, low, higher job market. That's former Biden administration treasury official Katie Richards on CNBC. Here's a take on jobs from CNBC's Mike Santoli. Where the net job growth is coming from is health care and education service. Almost entirely. Tech jobs, not really growing. They're actually down as a percentage of overall employment.

What you're not seeing outright job reductions that seem directly tied to AI replacement. You have a lot of hesitancy to hire. You have a lot of people, hey, let's let attrition do this. for us. A quarter of a million people retire every month, right? That's what the demographics are telling you. As a lot of people just exiting seats at companies. The Bitcoin bounce has faded. It's back down to just below $67,000. Gold and silver bounce this morning and they've pulled back as well. Heineken says it'll cut 6,000 jobs amid falling beer sales. It joins other big names with recent job cut announcements like UPS, Amazon, Dow Chemical, and the

Washington Post. Kraft Hines, pausing the split of the company as the new CEO is calling the current company's issues fixable. Investors are waiting for McDonald's to report this afternoon after the closing bell. It's been pushing value meals to franchises and that's been causing a little tension with some. The Super Bowl champion Seattle Seahawks enjoying a hometown victory parade today. Jessica Eddinger, CNBC. CNBC is the network for ambitious people. Ambition. It's got America written all over it.