U.S. Added Over 150,000 Jobs In February. Healthcare Leads Gains As Retail, Food Services Shed Jobs

Benzinga

The U.S. economy added over 150,000 jobs in February, slightly below the economists' expectations, but an improvement from January. The unemployment rate rose by ten basis points.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02The U.S. economy added over 150,000 jobs in February,

00:05slightly below economists' expectations, but an improvement from January.

00:09The unemployment rate rose by 10 basis points.

00:12Federal job cuts contributed to a 10,000 job decline,

00:15with economists attributing the drop to Trump's federal hiring freeze.

00:18Healthcare saw the most job growth, while transportation and warehousing also added jobs.

00:23Retail and food services experienced losses, potentially due to immigration restrictions.

00:28Economists anticipate that government job cuts,

00:31reducing funding, tariff uncertainty, and immigration restrictions

00:35will slow down employment growth.

00:37The total number of federal job losses remain unclear.

00:40For all things money, visit Benzinga.com slash GSTV.

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