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February brought the biggest plunge in U.S. payrolls since the Sept. 11 tragedy, as companies fretted about the health of the economy and a costly conflict in the Middle East, Labor Department data showed Friday.But we
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stanley flasche 0 fewer jobs outside the farm sector in February, as the unemployment rate rose to an eight-year-high -- 5.8 percent from 5.7 percent in January. The labor market crashed in February, said Sophia Koropeckyj, an economist with Economy. Much of February s non-hiring can likely be attributed to the February cold snap, though likely in no small part to continued unease regarding the current geopolitical backdrop, said Mat Johnson, economist with Thomas Weisel Par
stanley canada tners. Economists polled by CBS.MarketWatch had been looking for a 6,000-payroll gain and for the jobless rate to move up to 5.9 percent. The last time that there was a one-month payroll loss of this size was the 327,000 jobs lost in November 2001, Labor officials said.Layoff data issued earlier this week showed that weather-sensitive vocations, such as construction, were affected by the snowy conditions. The size of the payroll loss will likely be scrutinized for seasonal anomalies even though the government tries to make statistical adjustments to account for unusual events.Labor revised December s payrolls loss of 156,000 to a reading of 147,000, and January s gain, originally repor Ohve This Year, Canada Spent $14,000 Asking People If Superheroes Can Fly
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