An increase in employment was weaker than expected in February, although still stable despite the president Donald TrumpEfforts aimed at lowering the federal workforce.
The list of non -parish wages increased by a seasonally corrected 151,000 a month, better than 125,000 corrected down in January, but less than 170,000 consensus Dow Jones forecasts, the Labor Department Statistics Office on Friday has announced the work statistics office. The unemployment rate increased to 4.1%.
The report comes with efforts Elon MuskThe Department of Government Efficiency in order to reduce the federal government, starting with the incentives of redemption and in these mass layoffs that influenced many departments.
Although reductions will probably not be fully felt until the coming months, efforts begin to show. BLS said that the employment of the federal government fell by 10,000 in February, although public government salary increased by 11,000.
Many dismissals related to DOGE took place after the BLS test reporting period, which means that they will not be included in the March report. Out Placement Challenger, Gray & Christmas informed at the beginning of this week, which announced exemptions as part of Musk's efforts in the amount of over 62,000.
Health care was carried out in the creation of jobs, adding 52,000 jobs, approximately 12 months. Other sectors publishing benefits included financial activities (21,000), transport and storage (18,000) and social assistance (11,000). Detalia sold a decrease by 6,000 employees.
In the case of wages, the average hourly profit increased by 0.3%, as expected, although the annual increase of 4%was slightly softer than the forecast by 4.2%.
Futures on the stock exchange increased higher after the report, while the treasure's profitability was lower.
“We currently do not put many stocks in a job report,” said Byron Anderson, head of permanent income at Laffer Tengler Investments. “Today's data was mixed at best, but we still have no clarity about the economy that goes forward with Trump's confusion. The longer we have chaos and confusion on the part of Trump, the more likely that we will ultimately have a negative data trend. “
Although the report indicated a further increase in employment, some details were slightly less positive.
The working force participation rate dropped to 62.4%, and its lowest level from January 2023, when the working force fell by 385,000. A wider measure of unemployment covering discouraged employees and people occupying incomplete full -time for economic reasons increased by half the percentage point to 8%, which is the highest level from October 2021.
Also, the study of households, which BLS uses to calculate the unemployment rate, told a different story, showing a decrease in 588,000 employees. People with part -time work, but the desire for full -time positions increased to 4.9 million, which is an increase of 460,000.
The BLS report follows a turbulent month for markets and economy.
Stocks have been used every day since the Trump's office, and the movements depend mainly on tariff messages that have changed quickly. At the same time, Musk's efforts were reflected in surveys showing a high level of workers' anxiety.
February numbers, however, show that the labor market is stable. The number of jobs in December was changed to 323,000, which is an increase of 16,000, while the new January number is a decrease by 18,000 compared to previous estimates.