"Last month's jobs report was just released moments ago, with the economy adding 92,000 jobs in February... Actually, we lost 92,000 jobs. That's alright, we lost 92,000 jobs."
"Beyond the reported loss of 92,000 jobs in February, revisions to previous months further weakened the outlook. According to the updated figures, December's job numbers were revised downward by 65,000 positions. That change means the U.S. economy actually lost about 17,000 jobs in December."
"Financial markets reacted sharply to the disappointing data. The Dow Jones Industrial Average dropped roughly 900 points following the report, while both the S&P 500 and Nasdaq slid about 1.6%. The unemployment rate also rose slightly, increasing from 4.3% in January to 4.4% in February."
The February jobs report revealed significant labor market weakness, with the U.S. economy losing 92,000 jobs rather than adding them as initially reported on air. December's employment figures were revised downward by 65,000 positions, meaning the economy actually lost approximately 17,000 jobs that month. The unemployment rate increased from 4.3% in January to 4.4% in February. Financial markets responded negatively to the disappointing data, with the Dow Jones dropping roughly 900 points and both the S&P 500 and Nasdaq declining about 1.6%. Healthcare, one of the few sectors consistently adding jobs, faces potential further losses due to projected Medicaid spending cuts.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]