US job growth stable as government cuts start

Quick Summary:

Employers added 151,000 jobs in February but there was a drop in federal employment.

Retail sales posted their biggest drop in two years in January, while foot traffic at major chains such as Target, Walmart and McDonald's fell last month, according to data from tracking firm Placer.ai.

The latest jobs report showed average hourly pay up 4% compared with a year ago, but the number of people reporting they were working part-time because of slack business conditions jumped.

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Article Details

Category: Business

Markets: United KingdomUkraine

Topics: Economy Policy Report Month Growth Cuts Government Trump Changes Jobs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 17:28:24 (5 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 826 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 26894577

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 2 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 16 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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