"U.S. employers eliminated 92,000 nonfarm payroll jobs in February, according to data released Friday by the U.S. Bureau of Labor Statistics (BLS). Meanwhile, the jobs numbers for December 2025 were downwardly revised from a gain of 48,000 jobs to a loss of 17,000 jobs, while January 2026 figures were trimmed by 4,000 to a total of 126,000 additions."
"After January's seemingly solid gain, the latest data argue against a re-acceleration in hiring and instead point to a labor market that remains soft, with the three-month average slipping to just 6,000 jobs, Williamson said."
"The tight labor market and overall economic uncertainties stifle consumer confidence across the board, including confidence in making one of the most important, wealth building decisions many Americans will ever make the decision to buy a home, Amendola said in a statement."
U.S. nonfarm payrolls declined by 92,000 in February, with the unemployment rate rising to 4.4% and 7.6 million people unemployed. December and January employment figures were revised downward by a combined 69,000 jobs, with December changing from a gain of 48,000 to a loss of 17,000. The three-month average job growth slipped to just 6,000 jobs. Economists indicate this report will not alter the Federal Reserve's interest rate stance. The labor market remains soft with little evidence of hiring momentum. Consumer confidence is dampened by tight labor market conditions and economic uncertainties, particularly affecting home-buying decisions. Mortgage rates are expected to remain in the 6% to 6.5% range.
#labor-market-softening #employment-data #unemployment-rate #federal-reserve-policy #consumer-confidence
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