Jobs Down! Only 2 Sectors Saved February Hiring!
Did you know private companies only added 63,000 jobs in February, a stark contrast to the revised 11,000 in January? While education and health services led the charge, many sectors like manufacturing and professional services saw significant declines. Furthermore, the incentive for workers to switch jobs has hit its lowest point, with pay gains for job switchers dropping to 6.3%. This concentration of job growth and stagnant wage movement for job switchers raises questions about the labor market's true health. To stay informed on critical economic trends, be sure to subscribe to our channel.
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