US economy sheds 92,000 jobs in February in sharp slide

Posted by neolthrowaway

11 Comments

  1. BenIsLowInfo on

    Keep touching the stove America. It needs to get really bad to rid us of MAGA.

  2. From the article,

    *Wednesday’s figure from the Bureau of Labor Statistics fell well short of the 55,000 increase expected by economists polled by Bloomberg and was a stark reversal from January’s unexpectedly strong tally of 126,000 new jobs.*

    *The fall was led by a drop in healthcare employment as a result of strike activity. Tech employment also slid, while job cuts in the federal government continued.*

    *The unemployment rate bounced back to 4.4 per cent following a decline the previous month.*

    *Underlining the extent of the malaise, hiring in the previous two months was revised sharply lower by a combined 69,000.*

  3. JeromesNiece on

    Me: posts full employment report with accompanying charts, information on revisions, and submission statement, within 15 minutes of report release

    Mod: posts an editorialized, paywalled article about the same thing 15 minutes later. Auto-approves his own post. Rejects the earlier post.

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