Instant Reaction: US Unexpectedly Sheds 92,000 Jobs in Latest Report

US employers unexpectedly cut jobs in February and the unemployment rate rose, raising doubts about the health of the labor market. Nonfarm payrolls decreased 92,000 last month after a strong start to the year, according to Bureau of Labor Statistics data out Friday. The unemployment rate climbed to 4.4%. The decline in payrolls partly reflected a decrease in health care employment due to strike activity.

Bloomberg Surveillance broke the numbers and got instant reaction from:

• Claudia Sahm, Chief Economist at New Century Advisors
• Nadia Lovell, Head of Global Equity Strategy at UBS Global Wealth Management
• Jennifer Lee, Senior Economist at BMO Capital Markets

See omnystudio.com/listener for privacy information.