February Jobs Report: Job Losses Temper Labor Market Stabilization Hopes

Principal Financial Group1.22K FollowersFollow5ShareSavePlay(6min)CommentsSummaryTotal non-farm payrolls fell by 92,000, the second-worst monthly print in roughly three years and a stark reversal from January’s 126,000 revised gains.The unemployment rate’s small uptick (+0.1ppt from last month) underscores a labor market that remains in a low-hiring, low-firing equilibrium, despite the disappointing payrolls print.February’s report adds another layer of complexity for the economic and policy outlook. Professor25/iStock via Getty Images The February employment report delivered significantly weaker-than-expected job losses, challenging the notion that the labor market was stabilizing after last month’s robust gains. Total non-farm payrolls fell by 92,000, the second-worst monthly print in roughly three years andThis article was written byPrincipal Financial Group1.22K FollowersFollowThe Principal Financial Group (The Principal®) is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $519.3 billion in assets under management1 and serves some 19.7 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States.

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