Unemployment increased by 92,000 in February

[Zincwarrior]

Unemployment increased by 92,000 in February in contrast to expectation so job growth. The recession has started.

U.S. payrolls unexpectedly fell by 92,000 in February; unemployment rate rises to 4.4%

Nonfarm payrolls were expected to increase 50,000 in February while the unemployment rate held steady at 4.3%.

www.cnbc.com

The U.S. economy lost jobs in February, a month marred by severe winter weather and a strike at a major health care provider, the Bureau of Labor Statistics reported Friday.

Nonfarm payrolls fell by 92,000 for the month, compared to the estimate for 50,000 and below the downwardly revised January total of 126,000. February marked the third time in the past five months that payrolls declined, following a sharp revision showing a drop of 17,000 in December.




At the same time, the unemployment rate edged higher to 4.4% as jobs declined across key areas. A broader measure of unemployment that includes discouraged workers and those holding part-time positions for economic reasons moved lower, at 7.9% or 0.2 percentage point below the January level.

Health care, the primary growth driver in payrolls, saw a loss of 28,000 due largely to a strike at Kaiser Permanente that sidelined more than 30,000 workers in Hawaii and California. Though the strike has since been resolved, it occurred during the BLS survey week so it subtracted from the jobs total.

Information services, a sector hit by artificial intelligence-related cuts, also lost jobs, down 11,000 as part of a 12-month trend in which the sector has lost an average of 5,000 per month. Manufacturing saw a loss of 12,000, despite tariffs aimed at reshoring jobs from overseas.

Federal government employment also fell, off 10,000 for the month. President Donald Trump’s efforts to pare federal payrolls has seen a slide of 330,000 jobs, or 11% of the total workforce, since October 2024, a few months before Trump took office, according to the BLS.

Transportation and warehousing also saw a reduction of 11,000. Social assistance was one of the few sectors posting a gain, up 9,000.

 

[sparky]

so do you think the Fed can print us outta the next crash? ~S~

 

[1srelluc]

4.3% is still considered full employment.

The roughly 10% of that total being .gov jobs is a good thing.

You can put that hair fire out now OP.

 

[Correll]

4.4% is still considered full employment.

The roughly 10% of that total being .gov jobs is a good thing.

You can put that hair fire out now OP.

Agreed.

 

[buckeye]

OP really meant, "I hope this is the start of a recession!!!! !!!!!!!"

 

[Mac1958]

Not good. We'll see. The AI buildout can't keep us afloat forever.

 

[skews13]

he U.S. economy lost jobs in February, marking a major reversal of fortunes for the labor market and nearly erasing all of the job gains delivered a month earlier, government data on Friday showed. The reading came in well below economists' expectations.

The U.S. lost 92,000 jobs in February, according to the report, which marked a significant dropoff from 130,000 jobs added in the previous month.

MSN

Gas prices up, inflation up, grocery prices up, jobs down, US at war

Are Republicans in charge or what

 

[Harry Dresden]

he U.S. economy lost jobs in February, marking a major reversal of fortunes for the labor market and nearly erasing all of the job gains delivered a month earlier, government data on Friday showed. The reading came in well below economists' expectations.

The U.S. lost 92,000 jobs in February, according to the report, which marked a significant dropoff from 130,000 jobs added in the previous month.

MSN

Gas prices up, inflation up, grocery prices up, jobs down, US at war

Are Republicans in charge or what

are democrats in charge of california or what?....

 

[Conservative from Georgia]

he U.S. economy lost jobs in February, marking a major reversal of fortunes for the labor market and nearly erasing all of the job gains delivered a month earlier, government data on Friday showed. The reading came in well below economists' expectations.

The U.S. lost 92,000 jobs in February, according to the report, which marked a significant dropoff from 130,000 jobs added in the previous month.

MSN

Gas prices up, inflation up, grocery prices up, jobs down, US at war

Are Republicans in charge or what

Horrible news.

 

[Woodznutz]

Not good. We'll see. The AI buildout can't keep us afloat forever.

Especially when data center locations are being challenged all over the place.

 

[1srelluc]

Especially when data center locations are being challenged all over the place.

You say that like it's a bad thing.

 

[rightwinger]

Not encouraging news
92,000 is not a drop in the bucket

 

[task0778]

The Recession Has Started​

Uh, not really. The 2025 4th qtr report wasn't robust but it wasn't negative either, so the declaration of a recession is somewhat premature. However, this latest jobs report isn't good, losing jobs and seeing previous monthly reports revised downward is not exactly encouraging.

 

[Woodznutz]

You say that like it's a bad thing.

It's a good thing. Who wants those monstrosities anywhere near them. Windmills and solar farms are bad enough. And why hasten the destruction of human intellect and imagination? We're like a man gleefully fashioning a rope for his own hanging.

 

[Hafar1014]

he U.S. economy lost jobs in February, marking a major reversal of fortunes for the labor market and nearly erasing all of the job gains delivered a month earlier, government data on Friday showed. The reading came in well below economists' expectations.

The U.S. lost 92,000 jobs in February, according to the report, which marked a significant dropoff from 130,000 jobs added in the previous month.

MSN

Gas prices up, inflation up, grocery prices up, jobs down, US at war

Are Republicans in charge or what

By Bernard E. Anderson, PhD
Whitney M. Young Professor Emeritus, The Wharton School of the University of Pennsylvania
Chief Economic Advisor, National Urban League

In February, payroll employment rose by 275,000 jobs, the unemployment rate edged up to 3.9% but remained below the rate considered full employment, and average hourly earnings grew 0.1 percent to $ 34.57 week – all of which suggests that the economy is approaching a soft landing in the post pandemic business cycle.

One of the benefits of stable, balanced growth is the narrowing of the racial unemployment gap. In the last year, the Black/White unemployment gap dropped from the persistent 2:1 ration to an average of 1:65. The narrowing of the racial unemployment gap not only reflects the impact of both vigorous employment growth and tight labor markets, but also strong advocacy of diversity, equity, and inclusion in private and public employment practices. The racial employment gains are also dependent upon increased labor force participation especially among prime age Black women and widening opportunities in industry and occupational employment for Black workers.

The economy is sailing through deep but steady water. In late 2023, the personal consumer expenditure index (PCE), the measure the Federal Reserve uses to set interest rates, rose 2%. Real GDP grew 3.3 %, and consumer spending remained strong despite continuing elevated inflation. CPI was running hotter than PCE, rising above 3.0 percent.
Job growth was distributed broadly across a number of industries led by double digit gains in health care (67,000), government (52,000), and food and drinking places (42,000). Notable gains also were reported in construction, transportation/warehouses, and professional/financial services. There was positive but little change in other major industries.

In short, the economy is on the path of sustainable noninflationary growth. But unforeseen developments, including the shutdown of the federal government spurred by disagreement over the federal budget would create turbulent waters. Political actions are unpredictable.

Given the totality of data, it is likely that the Federal Reserve will ease restrictive monetary policy and cut interest rates at the June meeting. That will be consistent with the Fed’s obligation to implement the dual mandate of price stability and maximum employment.

That is a welcome and hopefully continuing trend that will contribute to greater economic security, income, and wealth for those who for many years have labored in the vineyard with little opportunity to improve their income and quality of life.

National Urban Leagu​

 

[Hafar1014]

Unemployment increased by 92,000 in February in contrast to expectation so job growth. The recession has started.

U.S. payrolls unexpectedly fell by 92,000 in February; unemployment rate rises to 4.4%

Nonfarm payrolls were expected to increase 50,000 in February while the unemployment rate held steady at 4.3%.

www.cnbc.com

The U.S. economy lost jobs in February, a month marred by severe winter weather and a strike at a major health care provider, the Bureau of Labor Statistics reported Friday.

Nonfarm payrolls fell by 92,000 for the month, compared to the estimate for 50,000 and below the downwardly revised January total of 126,000. February marked the third time in the past five months that payrolls declined, following a sharp revision showing a drop of 17,000 in December.




At the same time, the unemployment rate edged higher to 4.4% as jobs declined across key areas. A broader measure of unemployment that includes discouraged workers and those holding part-time positions for economic reasons moved lower, at 7.9% or 0.2 percentage point below the January level.

Health care, the primary growth driver in payrolls, saw a loss of 28,000 due largely to a strike at Kaiser Permanente that sidelined more than 30,000 workers in Hawaii and California. Though the strike has since been resolved, it occurred during the BLS survey week so it subtracted from the jobs total.

Information services, a sector hit by artificial intelligence-related cuts, also lost jobs, down 11,000 as part of a 12-month trend in which the sector has lost an average of 5,000 per month. Manufacturing saw a loss of 12,000, despite tariffs aimed at reshoring jobs from overseas.

Federal government employment also fell, off 10,000 for the month. President Donald Trump’s efforts to pare federal payrolls has seen a slide of 330,000 jobs, or 11% of the total workforce, since October 2024, a few months before Trump took office, according to the BLS.

Transportation and warehousing also saw a reduction of 11,000. Social assistance was one of the few sectors posting a gain, up 9,000.

By Bernard E. Anderson, PhD
Whitney M. Young Professor Emeritus, The Wharton School of the University of Pennsylvania
Chief Economic Advisor, National Urban League

In February, payroll employment rose by 275,000 jobs, the unemployment rate edged up to 3.9% but remained below the rate considered full employment, and average hourly earnings grew 0.1 percent to $ 34.57 week – all of which suggests that the economy is approaching a soft landing in the post pandemic business cycle.

One of the benefits of stable, balanced growth is the narrowing of the racial unemployment gap. In the last year, the Black/White unemployment gap dropped from the persistent 2:1 ration to an average of 1:65. The narrowing of the racial unemployment gap not only reflects the impact of both vigorous employment growth and tight labor markets, but also strong advocacy of diversity, equity, and inclusion in private and public employment practices. The racial employment gains are also dependent upon increased labor force participation especially among prime age Black women and widening opportunities in industry and occupational employment for Black workers.

The economy is sailing through deep but steady water. In late 2023, the personal consumer expenditure index (PCE), the measure the Federal Reserve uses to set interest rates, rose 2%. Real GDP grew 3.3 %, and consumer spending remained strong despite continuing elevated inflation. CPI was running hotter than PCE, rising above 3.0 percent.
Job growth was distributed broadly across a number of industries led by double digit gains in health care (67,000), government (52,000), and food and drinking places (42,000). Notable gains also were reported in construction, transportation/warehouses, and professional/financial services. There was positive but little change in other major industries.

In short, the economy is on the path of sustainable noninflationary growth. But unforeseen developments, including the shutdown of the federal government spurred by disagreement over the federal budget would create turbulent waters. Political actions are unpredictable.

Given the totality of data, it is likely that the Federal Reserve will ease restrictive monetary policy and cut interest rates at the June meeting. That will be consistent with the Fed’s obligation to implement the dual mandate of price stability and maximum employment.

That is a welcome and hopefully continuing trend that will contribute to greater economic security, income, and wealth for those who for many years have labored in the vineyard with little opportunity to improve their income and quality of life.

National Urban Leagu​

 

[rightwinger]

That is a welcome and hopefully continuing trend that will contribute to greater economic security, income, and wealth for those who for many years have labored in the vineyard with little opportunity to improve their income and quality of life.

Losing 92,000 jobs is a welcome and continuing trend?

 

[leftwinger]

Not to worry.

strike at Kaiser Permanente that sidelined more than 30,000 workers in Hawaii and California.

 

[skews13]

are democrats in charge of california or what?....

Are Democrats in charge of the 5th largest economy in the world?

Yes, they are.

 

[rightwinger]

Not to worry.

strike at Kaiser Permanente that sidelined more than 30,000 workers in Hawaii and California.

And the other 62,000?