US job market stalls, unemployment rate rises before Fed decision

The US economy unexpectedly lost 92,000 jobs in February, with the healthcare sector hit the hardest, losing 28,000 jobs. Tariff-exposed sectors remained stagnant, with transportation and warehousing losing 11,000 jobs. The unemployment rate rose to 4.4 percent, marking the sixth job market contraction of the Trump administration. The Federal Reserve is expected to keep interest rates steady, but pressure may increase for a rate cut in June due to the weakening labor market.

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