ADP headline hides a weakening labor market. UPS and Amazon just erased 46,000 high paying delivery jobs in 24 hours. Low income households barely growing this year. Overall slowdown in consumer. Stocks at all-time highs

These are not low wage roles. UPS driver pay and benefits sit well above the national median.

United Parcel Service announced plans Tuesday to eliminate 30,000 jobs in 2026 as it continues to untangle its partnership with Amazon, signaling another year of deep cuts as it attempts to turn around its business.

The package delivery giant also will shutter 24 buildings in the first half of 2026, Chief Financial Officer Brian Dykes said during a call with investors. The cutbacks are projected to save the company about $3 billion, he said.

The workforce reduction comes at a time when U.S. businesses are shedding relatively few employees and job creation remains stagnant. The unemployment rate fell slightly, to 4.4 percent, in December. Meanwhile, the number of Americans filing claims for unemployment insurance was little changed for the week ended Jan. 17, hovering at 200,000.

https://finance.yahoo.com/news/ups-slash-30-000-jobs-181630145.html