US job market stalls, unemployment rate rises before Fed decision

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In February 2026, the US job market unexpectedly contracted, losing 92,000 jobs, according to the Labor Department report released on March 6, 2026. The unemployment rate rose slightly to 4.4 percent. This marks the sixth contraction of the US job market under the Trump administration. The healthcare sector experienced the largest losses, shedding 28,000 jobs, while tariff-exposed sectors like transportation and warehousing also saw declines. Other industries, including construction and retail, remained stagnant. The report comes as economists had predicted marginal gains, and following downward revisions to January's job growth.
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