{"id":519016,"date":"2026-03-06T22:04:08","date_gmt":"2026-03-06T22:04:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/519016\/"},"modified":"2026-03-06T22:04:08","modified_gmt":"2026-03-06T22:04:08","slug":"the-us-lost-a-surprising-92000-jobs-last-month-as-the-unemployment-rate-ticked-up-to-4-4","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/519016\/","title":{"rendered":"The US lost a surprising 92,000 jobs last month as the unemployment rate ticked up to 4.4%"},"content":{"rendered":"\n

WASHINGTON (AP) \u2014 American employers unexpectedly cut 92,000 jobs last month, a sign that the labor market remains under strain<\/a>. The unemployment rate blipped up to 4.4%.<\/p>\n

Hiring deteriorated from January, when companies, nonprofits and government agencies added a healthy 126,000 jobs, the Labor Department reported Friday. Economists had expected 60,000 new jobs in February.<\/p>\n

Revisions also cut 69,000 jobs from December and January payrolls.<\/p>\n

The surprisingly weak employment picture in February adds to the economic uncertainty over the war with Iran<\/a>, which has caused oil prices to surge and saddled business and consumers with unforeseen costs.<\/p>\n

\u201cThe job market is struggling in the face of so many headwinds,\u201d said Heather Long, chief economist at Navy Federal Credit Union. \u201cCompanies are going to be even more reluctant to hire this spring until the war ends and they can see consumers still spending. It\u2019s a tense time for the U.S. economy.\u201d<\/p>\n

The job market had been expected to rebound this year from a lackluster 2025<\/a> when it was buffeted by President Donald Trump’s erratic tariff policies, his purge of the federal workforce and the lingering effects of high interest rates. In 2025, employers added just 15,000 jobs a month. Hopes for a 2026 rebound rose after January hiring came in above expectations.<\/p>\n

\u201cJust when it looked like the labor market was stabilizing, this report delivers a knock-down blow to that view,” said Olu Sonola, head of U.S. economics at Fitch Ratings. \u201dIt\u2019s bad news whichever way you look at it.”<\/p>\n

The job losses were widespread.<\/p>\n

Construction companies cut 11,000 jobs last month, which likely reflects frigid weather. And healthcare firms shed 28,000 jobs after a four-week strike by more than 30,000 nurses and other front-line workers at Kaiser Permanente in California and Hawaii. Health care has been one of the job market’s strong points.<\/p>\n

Factories cut 12,000 jobs and have now lost jobs for 14 of the last 15 months. Restaurants and bars lost nearly 30,000 jobs. Administrative and support services firms cut nearly 19,000 jobs and courier and messenger services almost 17,000.<\/p>\n

Financial firms added 10,000 jobs, though job cuts continue to hit that sector<\/a> as well this year.<\/p>\n

Average hourly wages rose 0.4% from January and 3.8% from a year earlier.<\/p>\n

The outlook for the job market \u2013 and the entire economy \u2013 is clouded by the war with Iran.<\/p>\n

The combination of weak hiring and increasing inflationary pressures arising from the war creates a nightmare for the Federal Reserve, which must decide whether to cut interest rates to help the job market or hold off to help keep a lid on prices. \u201cThis is probably the worst scenario for monetary policy,\u2033 said Eugenio Aleman, chief economist at Raymond James.<\/p>\n

Employers were reluctant to hire last year because of uncertainty over Trump\u2019s tariffs<\/a> \u2013 and the unpredictable way he rolled them out.<\/p>\n

The impact of Trump\u2019s aggressive trade policies may recede in 2026. His import taxes became smaller and less erratic after he reached a trade truce last year with China and deals with leading U.S. trade partners such as Japan and the European Union. A lot of businesses have also learned how to offset the costs of the tariffs, often by passing them along to customers via higher prices.<\/p>\n

Brian Bethune, an economist at Boston College, said that Trump\u2019s 2025 tariffs were a shock to companies\u2019 business plans. Now, just as they\u2019ve adjusted to them, \u201cGuess what! All of a sudden their 2026 business plans are upended by an increase in fuel costs\u2019\u2019 caused by the war with Iran.<\/p>\n

Jay Foreman, CEO of the toy company Basic Fun, expects to get some relief from Trump\u2019s tariffs after the Supreme Court last month struck down<\/a> the biggest ones and potentially created a path for importers to get refunds for the levies they paid. The refunds would allow Foreman to invest more in his Boca Raton, Florida, company, which makes Lincoln Logs and Care Bears. He can also hand out more generous raises to employees and hire new people.<\/p>\n

\u201cWe are expecting a record year,\u2019\u2019 he said.<\/p>\n

Yet under new tariffs sought by Trump, Foreman estimates that Basic Fun\u2019s tariff bill will more than double this year to $15 million. That is partly because the firm will be paying for a full year of Trump tariffs in 2026. Tariffs last year were not rolled out until spring or later.<\/p>\n

_____<\/p>\n

AP Economics Writer Christopher Rugaber contributed to this report.<\/p>\n

Anne D’Innocenzio reported from New York.<\/p>\n

Paul Wiseman And Anne D’innocenzio, The Associated Press<\/p>\n","protected":false},"excerpt":{"rendered":"WASHINGTON (AP) \u2014 American employers unexpectedly cut 92,000 jobs last month, a sign that the labor market remains…\n","protected":false},"author":2,"featured_media":519017,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,50333,5141,46,12522,29022,205003,862,204858],"class_list":["post-519016","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-construction-companies","tag-economic-uncertainty","tag-economy","tag-labor-department","tag-labor-market","tag-navy-federal-credit-union","tag-president-donald-trump","tag-war-with-iran"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/519016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=519016"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/519016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/519017"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=519016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=519016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=519016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}