🚨US layoffs are surging at a recessionary pace

February job report showed a lot of labor market weakness

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Global Markets Investor
March 12, 2025

The Bureau of Labor Statistics (BLS) estimates the US economy created 151,000 jobs in February, according to a report released Friday, March 7. This was slightly below Wall Street’s expectations of 157,000. The unemployment rate rose slightly to 4.1%, above estimates of 4.0%.

Notably, the jobless rate not seasonally adjusted picked up to 4.5%, the highest since September 2021.

Additionally, January job numbers were revised down by 18,000 to +125,000. Overall, nonfarm payrolls have been revised down in 10 out of the last 13 months.

Nevertheless, it does not really matter as we will have to wait until August to see what the actual magnitude of revisions we should really expect for this data. More explanations about these adjustments can be found in the previous labor market articles.

What matters is analyzed in the following sections. You will find there what the real shape of the job market is and what might be coming next.

⚠️US labor market lost jobs in Q2 2024

2025 revisions will likely show that Q2 2024 job growth was negative

globalmarketsinvestor.beehiiv.com/p/us-labor-market-lost-jobs-in-q2-2024

Before you proceed, I recommend going through the previous reports if you have not yet. November report analysis is also available for free subscribers.

!!️The US job report for January was a complete mess

Despite the last two months' positive revisions, the US job market is likely to deteriorate further

globalmarketsinvestor.beehiiv.com/p/the-us-job-report-for-january-was-a-complete-mess

🚨BLS reports job market is in fantastic shape but consumers think the opposite

Data is skewed again by seasonal adjustments and low quality of jobs

globalmarketsinvestor.beehiiv.com/p/bls-reports-job-market-is-in-a-fantastic

🚨November job market report is worse than many think

Please find the job market breakdown of the world's largest economy

globalmarketsinvestor.beehiiv.com/p/november-job-market-report-is-worse

US job numbers have been revised down by 818,000 for the 12 months through March 2024

Economic data revisions have been much higher than usual over the last 18 months

globalmarketsinvestor.beehiiv.com/p/us-job-numbers-have-been-revised

~600,000 AMERICANS BECAME UNEMPLOYED IN FEBRUARY

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