The U.S. labor market lost 92,000 jobs in February with the unemployment rate rising to 4.4%, according to the Bureau of Labor Statistics.
#SoMuchWinning…
Trump’s job creation figures for the U.S. during his second term, spanning from January 2025 to February 2026, are highlighted in the red border area… -DW pic.twitter.com/XxCIgzkZl2
— DeSota (@desota) March 6, 2026
More from the Washington Post:
Forecasters had predicted that employers added 50,000 jobs last month. But health care strikes, including by 31,000 workers at Kaiser Permanente in California and Hawaii, resulted in the second largest decline in monthly job creation since the pandemic.
Manufacturing, which the Trump administration had said its trade war would revive, lost 12,000 positions.
Some economists had predicted that the sluggish labor market was on the verge of a rebound, but February’s data dimmed those prospects.
The three major stock exchanges fell Friday morning following the release of the dour jobs report. The S&P 500 was trading down by 1 percent at midday.
Additionally, the report for December was revised down by 65,000, from +48,000 to -17,000, and January was revised down by 4,000, from +130,000 to +126,000.
With these revisions, employment in December and January combined is 69,000 lower than previously reported.
The Federal Reserve policymakers meet later this month and this is sure to weigh in on whether they decide to continue to lower interests.
All three major stock exchanges are down at this writing.
Discover more from The Randy Report
Subscribe to get the latest posts sent to your email.