Xinhua
06 Mar 2026, 21:15 GMT+10
NEW YORK, March 6 (Xinhua) -- U.S. nonfarm payrolls fell by 92,000 in February, contrary to expectations for a 50,000 gain and also a sharp decline from a downwardly revised January total of 126,000, the U.S. Bureau of Labor Statistics reported on Friday.
February marked the third time in the past five months that nonfarm payrolls declined, with December registering a sharply revised 17,000 drop.
Meanwhile, the unemployment rate rose to 4.4 percent in February as a result of job decline.
Federal government employment continued to decline in February, falling by 10,000. Since reaching a peak in October 2024, federal government employment has been down by 330,000 or 11 percent, thanks to U.S. President Trump's effort to pare federal payrolls. Under the hit of artificial intelligence, information service lost 11,000 jobs. Manufacturing lost 12,000.
Following the report, traders pulled forward expectations for the next Federal Reserve rate cut to July and expected two more cuts before the end of this year, according to the CME Group's FedWatch gauge.
Get a daily dose of Africa Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Africa Leader.
More InformationWASHINGTON, D.C.: U.S. President Donald Trump said there would be a 10-day pause in fighting between Israel and Lebanon starting at...
GAZA CITY, GAZA—Three-year-old Yahya Al-Malahi lay on a metal table in the morgue of Al-Shifa hospital in Gaza City. Family members...
DUBLIN, Ireland: The International Protection Bill, which introduces new asylum rules to speed up decisions and improve support for...
MEXICO CITY, Mexico: The United States this week placed sanctions on a well-known human rights activist in Mexico, accusing him of...
LONDON, U.K.: British prosecutors told a London court this week that two arms brokers illegally supplied ex-Soviet surface-to-air missile...
WASHINGTON, D.C.: On April 15, U.S. President Donald Trump said that China had agreed not to send weapons to Iran, even though there...
HOUSTON, Texas: A sharp disruption to Middle East oil flows has pushed the United States to the brink of becoming a net crude exporter...
NEW YORK, New York - Major U.S. stock indexes finished Thursday's trading session in positive territory, driven by technology sector...
NEW YORK CITY, New York: Two of the largest names in the U.S. pizza market are moving closer to potential sales, as mounting cost pressures...
NEW YORK CITY, New York: 7-Eleven is set to significantly shrink its North American footprint this year, planning to close far more...
WASHINGTON D.C.: Governments should resist the urge to roll out broad fuel subsidies to cushion the blow of surging energy prices triggered...
NEW YORK, New York - U.S. stock markets closed mixed on Wednesday as a powerful rally in technology shares lifted the Nasdaq Composite,...
