The U.S. Labor Market Lost 92,000 Jobs in February

The U.S. labor market lost 92,000 jobs in February in a striking loss signaling the economy’s vulnerability after a tough month for health care industry jobs, which have been propping up the labor market.

The unemployment rate ticked up to 4.4 percent, according to new data from the Bureau of Labor Statistics (BLS).

Forecasters had predicted that employers added 50,000 jobs last month. But health care strikes, including by 31,000 workers at Kaiser Permanente in California and Hawaii, as well as job losses in February across a broad swath of industries resulted in the second largest decline in monthly job creation since the pandemic. December jobs gains were also revised down, showing the labor market lost 17,000 positions that month.

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