A report from the Labor Department Friday shows employers cut 92,000 jobs in February, when economists had expected the U.S. would continue adding jobs, albeit at a sluggish pace. The unemployment rate inched up to 4.4%.
I mean so far all the revisions have been down and I would expect Jan to shrink further. February's report revised down January's previous payrolls figure from 130,000 to 126,000. They also cut December’s figure from 50,000 jobs added to a contraction of 17,000.