US Job Growth Likely Cooled to 59000 During February
US payrolls likely grew by 59,000 in February as hiring cooled. The unemployment rate is expected to hold at 4.3% despite rising Middle East war tensions.
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The labor market in the United States is expected to have shown signs of cooling in February, with hiring in the healthcare sector returning to historical averages after an unusually high increase in the previous month. Economists anticipate that the unemployment rate remained steady at 4.3%, according to a Reuters survey. Nonfarm payrolls are projected to have grown by 59,000 jobs, a deceleration from the 130,000 positions added in January. This shift comes amid broader economic uncertainty and the impact of sweeping tariffs introduced in early 2025.
