Disclaimer:All content on this platform is sourced from the internet and is provided for informational purposes only. None of the content represents the views of this site, nor does it constitute investment advice. Please exercise caution when investing.
Analysis: U.S. Labor Market Experiences Unexpected "Late-Winter Chill"; February Nonfarm Payrolls Surprisingly Post Negative Growth
Svmuu News: U.S. employers unexpectedly cut jobs in February, and the unemployment rate rose, raising questions about the health of the labor market.According to data released Friday by the U.S. Bureau of Labor Statistics (BLS), nonfarm payrolls fell by 92,000 last month, following a strong start to the year. The unemployment rate climbed to 4.4%. The decline in employment partly reflected job losses in the healthcare sector due to strike activity.Following the release of the data, spot gold and silver prices rose across the board as traders increased bets that the Federal Reserve (Fed) will cut interest rates at least once in 2026. (Jin Shi)
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice. If you find any violations, please Click to Report
Recommended Reading


