A rough February jobs report exposed just how much the U.S. has relied on health workers.

By Lucia Mutikani WASHINGTON, March 5 (Reuters) - The number of Americans filing new applications for unemployment benefits was unchanged last week and layoffs dropped sharply in February, consistent with stable labor market conditions.

The U.S. labor market lost 92,000 jobs in February in a striking loss signaling the economy's vulnerability after a tough month for health care industry jobs, which have been propping up the labor market.

After last week’s weaker-than-expected payrolls release, the Fed will likely lower policy rates at the next FOMC meeting in September. Although concerns over a slowdown in labor demand have gained traction inside the committee, labor supply constraints ...

The U.S. jobs engine that powered the post‑pandemic recovery is clearly losing steam. Hiring is slowing, unemployment is edging higher, and a growing stack of revisions shows the labor market was weaker all along than headline numbers suggested.

Last week wasn’t about a single data point. It was about a shift in tone from policymakers: the labor market may be weaker than the headlines imply, and the economy is increasingly being supported by a narrower set of households and sectors.

Both of these can be true: The labor market is currently healthy, and many workers are feeling stuck. This page includes information about these cards, currently unavailable on NerdWallet. The information has been collected by NerdWallet and has not been ...