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U.S. Added Over 150,000 Jobs In February. Healthcare Leads Gains As Retail, Food Services Shed Jobs
Benzinga
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3/10/2025
The U.S. economy added over 150,000 jobs in February, slightly below the economists' expectations, but an improvement from January. The unemployment rate rose by ten basis points.
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00:00
It's Benzinga, bringing Wall Street to Main Street.
00:02
The U.S. economy added over 150,000 jobs in February,
00:05
slightly below economists' expectations, but an improvement from January.
00:09
The unemployment rate rose by 10 basis points.
00:12
Federal job cuts contributed to a 10,000 job decline,
00:15
with economists attributing the drop to Trump's federal hiring freeze.
00:18
Healthcare saw the most job growth, while transportation and warehousing also added jobs.
00:23
Retail and food services experienced losses, potentially due to immigration restrictions.
00:28
Economists anticipate that government job cuts,
00:31
reducing funding, tariff uncertainty, and immigration restrictions
00:35
will slow down employment growth.
00:37
The total number of federal job losses remain unclear.
00:40
For all things money, visit Benzinga.com slash GSTV.
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