February saw the addition of 151,000 jobs in the U.S., continuing a 50-month streak of job growth per the Labor Department. However, the unemployment rate increased slightly to 4.1%, reflecting early effects of federal government layoffs. Economists, including Preston Caldwell from Morningstar, suggest this month's report may not fully capture the changes initiated under the new Trump administration. Analysts are bracing for a slowdown in hiring and economic growth as trade tariffs and federal employment reductions unfold, impacting private-sector hiring and broader economic indicators.
The U.S. added 151,000 jobs in February, marking 50 months of job growth, amid concerns of upcoming federal layoffs and potential impacts from tariffs.
As the Trump administration begins its term, the job market seems stable, but signs of potential economic cooling are evident due to tariffs and federal employment changes.
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