The U.S. unexpectedly loses 92,000 jobs, adding to worries about the economy

The Labor Department reported that the U.S. economy lost 92,000 jobs in February, and earlier job gains for December and January were revised downward. The NPR report says the figures increased concern that the job market is weakening after a period of instability. The story describes how the report affected expectations about economic direction and notes that the results contradicted hopes that hiring had stabilized. It also explains that monthly employment reports are closely watched indicators, influencing consumer confidence and policy debates about inflation and growth. The article summarizes key numbers from the jobs report and includes context on what economists were expecting before the data was released.

Advertisements

Source: NPR (via Ideastream)