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pelespirit@sh.itjust.works

The U.S. unexpectedly loses 92,000 jobs, adding to worries about the economy (www.npr.org)

submitted 17 hours ago by pelespirit@sh.itjust.works to c/politics@sh.itjust.works

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A report from the Labor Department Friday shows employers cut 92,000 jobs in February, when economists had expected the U.S. would continue adding jobs, albeit at a sluggish pace. The unemployment rate inched up to 4.4%.

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[–] pelespirit@sh.itjust.works 23 points 17 hours ago (1 children)

It has to be worse than this, right? They lie their asses off about this shit.

[–] joekar1990@lemmy.world 16 points 16 hours ago

I mean so far all the revisions have been down and I would expect Jan to shrink further. February's report revised down January's previous payrolls figure from 130,000 to 126,000. They also cut December’s figure from 50,000 jobs added to a contraction of 17,000.