The Panel “Big Money Show” responds to Doge, doubled on your e -mail “what you did last week.”
The American economy added jobs to a slower pace than expected in February, giving Federal reserves more information about the labor market that will be considered because he is preparing for a meeting later this month.
The Ministry of Labor on Friday reported that employers were Added 151,000 jobs In February, below the assessment of 160,000 jobs done by LSEG economists.
AND Unemployment rate It was 4.1%, slightly higher than the expectation of economists that he would remain at 4%.
The number of added jobs in the previous two months was revised, with the creation of new jobs in December were revised by 16,000 with a profit of 307,000 to 323,000; while January was revised for 18,000 with a profit of 143,000 to 125,000. Together, audits reduce previously reported employment by 2,000 jobs.
Reducing jobs in the USA increase 245% in February at the dismissal of the Federal Government
The salaries of the private sector added 140,000 jobs in February, which is slightly lower than 142,000 estimated by LSEG economists.
The employment of the Federal Government has decreased by 10,000 jobs in February as the Government Efficiency Department (Doge), headed by Elon muskbegan to create cuts.
In all levels of government, employment increased by 11,000 in February – with the state governments added 1,000 jobs and local self -government 20,000 jobs for more than compensated for federal job losses.
Production added 10,000 jobs in February, above the LSEG economist assessment of 5,000 gains.
The private sector adds only 77k jobs in February, significantly below expectation, says ADP
Health care has added 52,000 jobs last month, approximately in accordance with the average monthly gain of 54,000 in the last 12 months. Growth has encouraged an outpatient health service (+25,600), hospitals (+14,900) and care and residential care institutions (+11,500).
Employment in financial activities increased by 21,000 – above the average profit of 5,000 in last year. Growth was in real estate, rental and lease (+9.900) and insurance (+5,100), while commercial banking threw some jobs (-4.700).
The American economy added less jobs than expected in February, the Ministry of Labor said. (Leonardo Munoz / ViewPress / Getty Images)
Transport and storage Employment increased 17,800 jobs in February, and job growth took place among couriers and messengers (+23,500) and air traffic (+3,500).
Social assistance has added 11,100 jobs-a 12-month average of 21 000-with a team that most gains occurred in individual and family services (+10 000).
AND Retail sector In February, he spilled 6,300 jobs, and employment in the sector has shown a small net change in the last year.
The workforce participation was 62.4% in February, after changing a little over the last year and fell slightly with 62.6% reported in January.
Doge is releasing thousands: what kind of impact will have with unemployment and economy?
The number of people who are considered to be unemployed in the long run, defined as a 27-week or more job without a job, was 1.5 million more than 1.4 million reported last month. The long -term unemployed consisted of 20.9% of all unemployed people.
The number of workers employed by part -time economic reasons in February increased by 460,000 to 4.9 million. These workers would prefer a full -time job, but they worked part -time because their hours were reduced or could not find a full -time job.
Multiple workers in February increased by 96,000 and represented 5.4% of the workforce, which is a slightly changed level in the last year.
Jerome Powell’s federal reserve chair said after the last meeting of a policy creator that “the working market conditions are widely in balance.” (Alex Wong / Getty Images / Getty Images)
The February Affairs Report comes as Federal reserves He prepares for his next policy meeting from March 18 to March 19, and Central Bank is expected that interest rates will again be stable due to insecurity due to inflation and health market.
“The Fed is in the cucumber,” said Bill Adams, a major economist for Comeric Bank. “On the one hand, slower job growth and growing unemployment are arguments for reducing the rate. On the other, inflative policies such as tariffs and immigration limitations are arguments against reduction.”
“What to do! The Fed is most likely to sit a little on their hands, just as private employment managers do,” Adams explained, noting that the company project that the next interest rate of the FED will be reduced by a quarter.
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The market expectations that the Fed will leave rates unchanged this month have been enhanced by a report on the February jobs.
A week ago, the market was recorded by 92% likelihood of FED by leaving the federal rate of reference values unchanged in the range of 4.25% to 4.5%, according to the CME Fedwatch tool. This fell to 88% on Thursday due to the uncertainty due to tariffs, although on Friday it bounced to 97% after the announcement of the job report.
