US economy unexpectedly sheds 92,000 jobs in February
10 hours ago
- #US Economy
- #Employment
- #Federal Reserve
- US economy unexpectedly lost 92,000 jobs in February.
- Unemployment rate rose to 4.4%, surprising analysts who expected stability.
- Biggest monthly job loss since October, amid concerns over oil prices and US-Israel war in Iran.
- Nearly every sector, including healthcare, shed jobs; federal government employment dropped by 10,000.
- Job gains in December and January were lower than initially estimated.
- Figures undermine hopes of hiring acceleration after the 2025 slowdown.
- Federal Reserve faces dilemma due to potential inflation from rising oil prices.