NEW JOBS REPORT SHOWS WORKERS ARE BEING LEFT BEHIND
LOS ANGELES, CA — A new national jobs report released Friday shows the U.S. economy lost 92,000 jobs last month while the unemployment rate rose to 4.4 percent, raising concerns about the strength of the labor market.
Economists had expected job growth in February, but instead employers cut jobs across several major industries, including healthcare, manufacturing, construction, and service sectors.
The latest data also shows growing economic uncertainty as businesses pull back on hiring and Americans continue to face rising costs. Analysts say slowing job growth, global instability, and ongoing inflation are placing additional strain on workers.
“Working families are already feeling the squeeze from rising costs, and today’s jobs report is another reminder that too many Americans are one paycheck away from falling behind,” said Antonio Villaraigosa. “We need leadership that puts working people first by investing in good-paying jobs, strengthening our economy, and making sure opportunity reaches every community. California has always led the way, and we must continue fighting for an economy that works for everyone.”
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