The Big Money Show panel responded to Doge twice as much in email last week.
The US economy added jobs at a slower pace than expected in February, giving more Federal Reserve labor market data to its labour market data as it prepares to meet later this month.
The Labor Department reported Friday that employers added 151,000 jobs in February, down from the 160,000 jobs that LSEG economists had.
The unemployment rate is 4.1%, slightly higher than economists expect, and remains at 4%.
The U.S. economy added fewer jobs than expected in February, according to the Labor Department. (Leonardo Munoz / Viewpress / Getty Images)
Federal layoffs cut US employment in February 245%
Both of the number of jobs added over the past two months have been revised, with job creation in December increasing by 16,000 from 307,000 to 323,000 profits. Meanwhile, January was revised from 143,000 to 125,000 to 18,000. Taken together, the amendment cuts previously reported employment cuts by 2,000.
Private sector salaries added 140,000 jobs in February, slightly lower than the 142,000 estimated by LSEG economists.
Federal employment fell 10,000 in February as Elon Musk-led government efficiency (DOGE) began cutting.
At all levels of the government, employment increased by 11,000 in February. The state government added 1,000 jobs, while local governments added 20,000 jobs more than offset the federal job losses.
The manufacturing industry added 10,000 jobs in February.
Healthcare added 52,000 jobs last month. It roughly follows an average of 54,000 people per month over the past 12 months. This growth was driven by outpatient health services (+25,600), hospitals (+14,900), nursing and residential care facilities (+11,500).
Financial activities employment has increased by 21,000, an average increase of 5,000 over the past year. Growth was done in real estate, rentals, leases (+9,900) and insurance (+5,100), while commercial banks have flown jobs (-4,700).
The private sector added just 77k jobs in February, far below expectations, according to ADP
Transport and warehouse employment was 17,800 in February, with employment growth occurring between courier and messenger (+23,500) and air transport (+3,500).
Social aid added 11,100 jobs – a slower pace than the 12-month average of 21,000 – most profits occurred in individual and family services (+10,000).
Retailers removed 6,300 jobs in February, and employment in the sector has shown little net change over the past year.
Doge has abandoned thousands. What impact will unemployment and the economy have?
Workforce participation was 62.4% in February, a little changed last year, down slightly from the reported 62.6% in January.
The number of people considered long-term unemployed, defined as unemployed for more than 27 weeks, was 1.5 million in February, slightly higher than the 1.4 million reported last month. Long-term unemployed accounted for 20.9% of all unemployed people.
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The number of workers employed part-time for economic reasons increased from 460,000 to 4.9 million in February. These workers would have wanted full-time jobs, but due to reduced time, they either worked part-time or were unable to find full-time jobs.
Several employers increased 96,000 in February, accounting for 5.4% of the workforce, with little change last year.
