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February Job Cuts Surge, Unemployment Hits 4.4%

3/10/2026

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Story summary
  • The U.S. labor market weakened in February 2026, with 92,000 jobs cut and unemployment at 4.4%.
  • Revisions show December and January job gains were lower, indicating a broader trend of stagnation.
  • Experts said that factors like winter storms and strikes may have distorted the data.
  • The Federal Reserve is likely to maintain interest rates unchanged amid this economic uncertainty, with markets declining after the report.