RALEIGH, N.C. (WTVD) — A disappointing February jobs report saw the United States economy lose 92,000 jobs in February, largely erasing job gains from January.
“It was weak all around. There’s no putting lipstick on it,” said Andre Mouton, an assistant professor of economics at Wake Forest University.
Sectors to see notable losses included healthcare, information, transportation, warehousing, and the federal government.
“If you look at the jobs numbers from last year, healthcare was really the one sort of shining sector of the economy, the one sector adding jobs, and that has changed in this most recent report,” Mouton said.
The report’s release comes ahead of the Federal Reserve’s planned meeting on March 17 and 18.
“If you’re in the Federal Reserve’s position and you’re trying to decide whether to lower rates or not, you’re weighing, on the one hand, risks of inflation, which have just…
