The #US #labor market lost 92,000 #jobs in February, a striking loss signaling a warning flag for the #economy
Employers cut 92,000 jobs in February, the Labor Department reported on Friday, & the #unemployment rate rose to 4.4%. The job losses cut across nearly all major sectors, including health care.
#Trump #recession #trumpcession #business #affordability #CostOfLiving
https://www.nytimes.com/live/2026/03/06/business/jobs-report-economy?smid=nytcore-ios-share
The report dimmed the picture of the #labor market & all but shut down the prospect of a resurgence in growth after an anemic year of hiring that was weighed down by economic uncertainty. Many economists had forecast that employers would shake off their reluctance to hire this year — but not so much.
#Trump #economy #recession #trumpcession #business #jobs #unemployment #affordability #CostOfLiving
The number of job openings in December, the most recent data available, fell to its lowest level since Sept 2020.
The #Trump admin’s #immigration crackdown has contributed to slower growth in the supply of #labor. That has made it difficult to determine if a slowdown in job growth is caused by decreasing demand for workers, fewer available job-seekers or a combination of both.
#economy #recession #trumpcession #business #jobs #unemployment #affordability #CostOfLiving
The report is certain to stoke divisions at the #FederalReserve, which holds its next meeting on March 17-18. Some officials appear highly concerned about the health of the #labor market & willing to cut rates to support it, while others seem more focused on the risk posed by #inflation, especially given the conflict in the #MiddleEast.
#Trump #economy #recession #trumpcession #business #jobs #unemployment #affordability #CostOfLiving
Nonilex
Possibly AI-generated RybotCalbearo 🇪🇸🎾