The U.S. job market turned weaker last month, dashing hopes for an economic rebound.
A report from the Labor Department on 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%.
Job gains for December and January were also revised downward, with December now showing a net loss 17,000 jobs.
The weaker than expected jobs report comes as Americans are already anxious about the high cost of living. Those affordability concerns will likely be amplified as the war in Iran has triggered a sharp rise in energy prices. AAA reports the average price of gasoline jumped another 7 cents overnight, to $3.32 a gallon. That’s 21 cents higher than this time last year.
How long before the reporting of jobs numbers becomes illegal by EO and then there’s just vague statements of the economy is doing great, it’s gone up by billinty blollars just this past month! You’re not suffering, you’re efficiency maxing!
Remember GWB’s reaction to someone having THREE jobs?
I’m imagining an administration with even less empathy reacting to people’s experiences under an economy imploded by PEDOnald combined with AI delusions run amok.