The Labor Department's Bureau of Labor Statistics (BLS) jobs report released Friday shows American employers unexpectedly cut 92,000 jobs last month, a sign that the labor market remains under strain. The unemployment rate rose to 4.4%.
Breakdown
- U.S. lost 92,000 jobs in February; unemployment rose to 4.4% 3s
- Dow expected to drop over 600 points after weak jobs data 12s
- Five straight months of workforce reductions, first since 2010 47s
- Fed may consider a rate cut in response to higher unemployment 57s
- AI-driven layoffs and daylight saving time may impact markets 1m 46s