In February, the US labor market showed signs of cooling, with only 151,000 jobs added, below the forecast of 159,000. Unemployment also unexpectedly rose to 4.1% from 4%. This data is critical for the Federal Reserve as it assesses interest rates. Fed chair Jerome Powell noted that despite solid labor market conditions, economic anxiety persists among workers, attributed to inflation concerns and job security. Upcoming Federal Open Market Committee meetings may address these dynamics, emphasized by a 91% chance traders expect the Fed to maintain steady rates.
Labor market conditions have cooled from their formerly overheated state and remain solid," Fed chair Jerome Powell said."
While headline job market measures remain strong, economic anxiety is on the rise among workers as uncertainty about inflation and job security abounds."
The trajectory of the labor market remains highly uncertain for the rest of 2025, which is leaving workers uneasy and the picture for the overall economy murky.
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