U.S. Payrolls Contract by 92,000 in February as Labor Market Stumbles, Fed Outlook Dims

Wells Fargo Economics says one-off factors only partially explain the unexpected decline, with the Iran conflict adding new complexity to an already uncertain rate-cut path The U.S. labor market delivered a jarring reversal in February, as nonfarm payrolls fell by 92,000 — a stark contrast to January's solid showing and the largest decline in private […]