Fresh BLS reporting shows job losses, not job gains [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
Total nonfarm payroll employment "edged down" by 92,000 in February, the Bureau of Labor Statistics said, while the unemployment rate "changed little," up from 4.3% to 4.4%. But the standardized verbal window-dressing partially obscures harder truths. Last month, the U.S. economy shed jobs, and this time, the trend was clear in the initial data collection , not just in after-the-fact revisions. Here's what to know. A close read shows the sector-by-sector shedding The information sector lost 11,000 jobs — or double its average monthly loss over the prior year. Federal government employment fell by another 10,000, extending a decline that has now erased more than 300,000 positions since October of 2024. The number of people facing what the BLS terms “long-term unemployment” — meaning those jobless 27 weeks or more — has climbed by 400,000 , to 1.9 million from 1.5 million a year ago. This alone suggests that those who lose jobs struggle to find new ones. The fresh BLS report
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