US job market stalls, unemployment rate rises before Fed decision
The US economy lost 92,000 jobs in February with unemployment rising to 4.4%, driven by healthcare sector losses and tariff-exposed industry weakness despite economist forecasts of job gains.
The abysmal February jobs report shatters hopes of a labor market recovery for 2026 and leaves the Fed 'between a rock and a hard place' | Fortune
The U.S. economy lost 92,000 jobs in February, marking the worst monthly decline since October, with unemployment rising to 4.4% and payrolls contracting in two of the last three months.
U.S. economy shrank more than expected in the first quarter
The U.S. economy contracted by 0.5% in Q1 2024, marking the first decline in three years, largely due to import surges and decreasing consumer confidence.