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A Sharp Reversal Following Last Month’s Robust Gain
The US economy shed 92,000 jobs in February as the unemployment rate climbed to 4.4%. Both figures underperformed consensus expectations (please see details below).
Meanwhile, average weekly earnings grew at an annual rate of 3.8%, exceeding forecasts.
Beyond these headline metrics, the report comes with several underlying complexities, including various one-off factors.
#economy #jobs #unemployment #employment
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