S. S. Department of Labor.
This marked the worst employment report in six years and surprised analysts who had expected a gain of 55,000 jobs based on Bloomberg's survey. 3 percent. The private sector performance was reportedly the weakest since 2020.
useless report
Guy Berger, research director at Burning Glass Institute, described the February figures as a "useless report" and noted the significant decline in non-farm employment coupled with rising unemployment. S. interest rates, a weaker dollar, and declining stock prices following the disappointing data release.