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Stock impact report

U.S. economy lost 92,000 jobs in February, an unexpected setback [Yahoo! Finance]

Principal Financial Group Inc (PFG) 
Last principal financial group inc earnings: 4/27 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The unemployment rate ticked up to 4.4% last month from 4.3% in January. By the numbers Economists polled by FactSet had predicted a payroll gain of 60,000 last month. February marks the third time in the last five months that the job market has shown job losses. U.S. market futures are declining on the jobs report's surprise miss, along with another big spike in crude oil prices amid the widening war in Iran. A drop in hiring in the health care sector, which has recently been a source of employment gains, dragged down job growth in February. That sector shed 28,000 jobs, which the Labor Department attributed to recent strike activity. A nurses' strike in California ended late last month. February's employment report marked a sharp reversal from January , when payroll gains were unexpectedly strong. On Friday, the Labor Department revised job growth for that month down by 4,000 and for December by 65,000, a sign that job growth was weaker than previously reported in those Show less Read more
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