The US labor market shrunk by 92,000 non-farm payroll jobs in February, as reported by the Bureau of Labor Statistics (BLS), well below economist estimates of an addition of 55,000. The unemployment rate rose to 4.4% while average hourly wages grew by 0.4% month-over-month and 3.8% year-over-year. Our panel breaks down what you need to know.
Featuring:
Julie Hyman – Yahoo Finance Host
Myles Udland – Yahoo Finance Head of News
Michael Reid – RBC Capital Markets head of U.S. economic research
Lauren Goodwin – New York Life Investments economist and portfolio strategist
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