Alex Ossola
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In an unexpected downturn, the U.S.
lost 92,000 jobs in February.
Plus, President Trump's new pick to head the Department of Homeland Security is a signal that the president doesn't plan to back off his signature immigration tactics.
And Trump calls for Iran's, quote, unconditional surrender.
It's Friday, March 6th.
I'm Alex Osola for The Wall Street Journal.
This is the p.m.
edition of What's News, the top headlines and business stories that move the world today.
The Labor Department today reported that the U.S.
lost 92,000 jobs in February.
It's a significant downturn from January's gain of 126,000 jobs.
And it's also worse than the 50,000 jobs the economy was expected to add last month.
And one more number, the unemployment rate rose slightly to 4.4 percent.
For more on these numbers, I'm joined now by WSJ economics reporter Justin Lehart.
Justin, health care jobs in particular have propped up the labor market for some time now.
In February, the health care and social assistance sector lost more than 18,000 jobs.
What happened there?
The unemployment rate caught my eye because that's kind of been creeping up steadily over the past few years.
What does that tell us about the strength of the labor market?
The Fed has to watch the jobs market and also take into account what happens with inflation.