The U.S. labor market took an unexpected hit in February, as new data showed the economy lost jobs for the first time in months, raising concerns about slowing growth.
Labor Market Reversal
According to the U.S. Bureau of Labor Statistics, the U.S. economy lost 92,000 jobs in February, a sharp reversal from 130,000 jobs added in January. The figure came in far below economists’ expectations.
The unemployment rate also edged up from 4.3% to 4.4%, though it remains relatively low by historical standards.
Markets React to Global Tensions
The weak jobs report arrives amid economic uncertainty tied to the growing conflict with Iran, which has pushed oil prices higher and rattled financial markets.
The Dow Jones Industrial Average fell nearly 785 points Thursday as U.S. crude prices climbed to their highest level since June.
Economic Outlook Remains Uncertain
Recent data shows the economy already slowing. The U.S. grew at an annualized rate of 1.4% in late 2025, down sharply from 4.4% growth the previous quarter.
Meanwhile, inflation has eased to 2.4%, close to the target set by the Federal Reserve.
The Fed will announce its next interest-rate decision on March 18, as policymakers weigh the risk of slower growth against potential inflation pressures.
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