US job market stalls, unemployment rate rises before Fed decision
Al Jazeera
The healthcare sector was hit the hardest while tariff expose sectors remained stagnant
The United States economy unexpectedly lost 92,000 jobs in February, and the unemployment rate ticked up to 4.4 percent, marking the sixth contraction of the US job market of the Trump administration.
The February jobs report was released by the US Labor Department on Friday.
Economists had forecast marginal gains, with a survey of economists by the Reuters news agency at 59,000, by Bloomberg News at 55,000, and by Dow Jones at 50,000.
The unemployment rate rose slightly by 0.1 percent from 4.3 percent in January, with more than 25 percent of unemployed workers without a job for more than 27 weeks.
February’s decline follows downwardly revised gains in January, when the US economy added 126,000 jobs.
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The healthcare sector was hit the hardest while tariff expose sectors remained stagnant
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