The U.S. job market turned weaker last month, dashing hopes for an economic rebound.
A report from the Labor Department Friday shows employers cut 92,000 jobs in February, when economists had expected the U.S. would continue adding jobs, albeit at a sluggish pace. The unemployment rate inched up to 4.4%.
Job gains for December and January were also revised downward, with December now showing a net loss 17,000 jobs.
“the economy” is the larger system as a whole. you’re looking at smaller systems that contribute to it (i disagree with jacksilver that they are not directly tied to the economy, but if you get two economists in a room suddenly you have 8 opinions instead of 2)