On Friday, the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment decreased by 92,000 in February and unemployment rose from 4.3% to 4.4%. Healthcare, along with leisure and hospitality, accounted for the majority of losses, though the BLS recorded losses in nine of the 14 sectors it tracks. The numbers fell short of economists’ expectations, raising concern about the stability of the labor market.
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