Don Curren 🇨🇦🇺🇦1 CIBC: #US #labormarket deteriorated sharply in February, with #employers shedding 92K #jobs, compounding negative revisions to the prior two month job count that totaled -69K. That resulted in the #unemploymentrate ticking up to 4.4%. That compared to the consensus expectation for +55K … 🧵
2 CIBC: … and for the #unemploymentrate to remain steady at 4.3%. #Joblosses were relatively widespread across industries, with #leisure/hospitality (-27K), #health/socialassistance (-19K), and #manufacturing (-12K) seeing the biggest drops.
#NFP #jobsdata #employment #labormarket #usecon