U.S. Hiring Slumps As Employers Cut 92,000 Jobs

The U.S. economy lost an estimated 92,000 jobs in February, surprising economists who had expected modest job growth, according to data released by the Bureau of Labor Statistics and reported by CNN. The unemployment rate rose to 4.4 percent from 4.3 percent the previous month.

The weak report follows downward revisions to earlier figures. January job gains were revised to 126,000 from 130,000, while December’s earlier estimate of job growth was revised to a loss of 17,000 jobs.

The US economy lost 92,000 jobs last month, far worse than expected.https://t.co/uzrjrMnW80 pic.twitter.com/qot1uNMw3q

— CNN (@CNN) March 6, 2026

Several sectors posted notable job declines. Health care employment fell by about 28,000 jobs, while leisure and hospitality lost roughly 27,000 positions. Construction payrolls dropped by about 11,000 jobs.

Economists said a nationwide cold snap and a large strike involving Kaiser Permanente health workers likely contributed to the losses.

Financial markets reacted quickly to the data. Stock futures fell and Treasury yields declined as investors moved toward safer assets, CNN reported.

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