The U.S. economy added over 150,000 jobs in February, slightly below the economists' expectations, but an improvement from January. The unemployment rate rose by ten basis points.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. economy added over 150,000 jobs in February,
00:05slightly below economists' expectations, but an improvement from January.
00:09The unemployment rate rose by 10 basis points.
00:12Federal job cuts contributed to a 10,000 job decline,
00:15with economists attributing the drop to Trump's federal hiring freeze.
00:18Healthcare saw the most job growth, while transportation and warehousing also added jobs.
00:23Retail and food services experienced losses, potentially due to immigration restrictions.
00:28Economists anticipate that government job cuts,
00:31reducing funding, tariff uncertainty, and immigration restrictions
00:35will slow down employment growth.
00:37The total number of federal job losses remain unclear.
00:40For all things money, visit Benzinga.com slash GSTV.