> US economy >> unexpectedly << sheds 92,000 jobs in February
> Payrolls in the US dropped by 92,000 and the unemployment rate ticked up to 4.4%, according to the latest official figures, surprising analysts who had expected hiring to remain stable.
I'm not in any way suggesting the economy isn't taking a shit, but I'm curious about the actual expectation and reality. I know it says analysts expect hiring to be stable, but hiring isn't the same as job losses.
Makes a big difference.
2022, gained 678,000 jobs in February (Doesn't really count, global economy was emerging from Covid shutdowns.)
2023, gained 311,000 jobs in February
2024, gained 275,000 jobs in February
2025, gained 151,000 jobs in February (This seems to be the point of discontinuity with gains only about half of what were typically expected.)
2026, lost the 92,000 we're talking about. (Obviously, we had expected a gain.)