"The United States economy unexpectedly lost 92,000 jobs in February, and the unemployment rate ticked up to 4.4 percent, marking the sixth contraction of the US job market of the Trump administration. Economists had forecast marginal gains, with a survey of economists by the Reuters news agency at 59,000, by Bloomberg News at 55,000, and by Dow Jones at 50,000."
"The healthcare sector was hit the hardest, losing 28,000 jobs in February. Cuts to the federal government also continued, with 10,000 fewer jobs across the industry in February. Tariff-exposed sectors were still hit hard, including transportation and warehousing, which lost 11,000 for the month. The industry has lost 157,000 jobs since this time last year."
"The unemployment rate rose slightly by 0.1 percent from 4.3 percent in January, with more than 25 percent of unemployed workers without a job for more than 27 weeks. Industries including construction, wholesale trade, retail, as well as leisure and hospitality, saw no change from this time last month."
The United States experienced an unexpected contraction in February employment, losing 92,000 jobs while the unemployment rate increased to 4.4 percent. This marks the sixth job market decline during the Trump administration. Economists had predicted marginal gains ranging from 50,000 to 59,000 jobs. The healthcare sector suffered the most significant losses with 28,000 jobs eliminated, while federal government employment declined by 10,000 positions. Transportation and warehousing, sectors exposed to tariffs, lost 11,000 jobs and have shed 157,000 positions over the past year. Long-term unemployment remains elevated with over 25 percent of jobless workers unemployed for more than 27 weeks. Construction, wholesale trade, retail, and leisure sectors showed no monthly change.
Read at www.aljazeera.com
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