Hiring at US businesses unexpectedly plunged last month as employers shed an estimated 92,000 jobs, according to new data released Friday by the Bureau of Labor Statistics.
The latest jobs report showed a loss of 92,000 jobs in February. After months of easing unemployment, that number crept up too, to 4.4%.
Even the health care sector cut 28,000 jobs in February. Plus: Eli Lilly, social media meteorologists, and a trivia host.
The noisy February jobs report put labor market risks back in focus for the Federal Reserve, though it's unlikely to sway the central bank from holding rates steady in March.
Midland Reporter-Telegram on MSN
Report: Oilfield services job numbers continue to decline
Energy Services employment continues to decline, according to Energy Workforce and Technology Council, but skilled workers will be needed to bring stability during the conflict with Iran.
4monon MSN
There's no jobs report today, but here's what private data is telling us about the labor market
The Bureau of Labor Statistics won't be publishing the October jobs report on Friday. LinkedIn, Bank of America, and more crunched their own numbers.
The February report painted a picture of a labor market deteriorating much faster than anticipated, catching economists off guard — analysts had forecast a gain of around 60,000 jobs, even as they ...
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