From Quartz.

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The U.S. economy shed 92,000 nonfarm payroll jobs in February as unemployment rose to 4.4%, according to new data. The Bureau of Labor Statistics’ February jobs report and later revisions also updated prior data, with December moved from a 48,000 gain to a 17,000 loss. Nonfarm payrolls declined across key areas: the information sector lost 11,000 jobs and federal government employment fell by 10,000. Professional and business services dropped 30,000 positions, while long‑term unemployment reached 1.9 million, up 400,000. Morgan Stanley and Oracle announced thousands of layoffs as white‑collar payrolls contracted for a 29th consecutive month. Terrazas cautioned that low hiring and job postings may obscure headline unemployment figures. #jobmarket #whitecollar #layoffs #unemployment #economicdownturn

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