February Sees 92,000 US Job Cuts as Unemployment Climbs to 4.4%

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US Job Market Stumbles: 92,000 Jobs Cut in February, Unemployment Rises to 4.4%

Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly

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CNBC TV18•06-03-2026, 19:30

US Job Market Stumbles: 92,000 Jobs Cut in February, Unemployment Rises to 4.4%

•US employers cut 92,000 jobs in February, signaling continued weakness in the labor market.
•The unemployment rate slightly rose to 4.4% last month.
•Hiring significantly slowed compared to January, falling short of economists' expectations of 60,000 new jobs.
•Weakness attributed to lingering effects of high interest rates and former President Donald Trump’s tariff policies.
•Construction and healthcare sectors saw significant job losses, partly due to frigid weather and a Kaiser Permanente strike.

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