US employers unexpectedly cut jobs in February and the unemployment rate rose, raising doubts about the health of the labor market. Nonfarm payrolls decreased 92,000 last month after a strong start to the year, according to Bureau of Labor Statistics data out Friday. The unemployment rate climbed to 4.4%. The decline in payrolls partly reflected a decrease in health care employment due to strike activity. Bloomberg Surveillance broke the numbers and got instant reaction from: <ul> <li>Claudia Sahm, Chief Economist at New Century Advisors</li> <li>Nadia Lovell, Head of Global Equity Strategy at UBS Global Wealth Management</li> <li>Jennifer Lee, Senior Economist at BMO Capital Markets</li> </ul>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

Weak Jobs & Inflation Jitters

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