Friday’s employment report showed job losses of 92,000 in February. The January and December figures were revised downward, with December swinging to a loss of 17,000 jobs. Monthly data can be rocky, but a trend has emerged that shows an enduring weakness. Without the health care sector, the economy would have shed roughly 202,000 jobs since Trump became president in January 2025. Still, his administration notes that construction job gains outside of the housing sector point to future hiring growth.
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