--- title: "The number of jobs unexpectedly decreased by 92,000, and the unemployment rate slightly rose to 4.4%! The U.S. non-farm payrolls for February surprised the market, raising expectations for interest rate cuts" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/278113607.md" description: "In February, the U.S. non-farm payroll unexpectedly decreased by 92,000, and the unemployment rate slightly rose to 4.4%, reaching a new high since December 2025, both lower than market expectations. Traders expect the probability of the Federal Reserve cutting interest rates in June to rise to about 50%. The healthcare sector saw a reduction of 19,000 jobs, primarily due to a nurses' strike. Analysts express doubts about the stability of the labor market, despite a rebound in job growth at the beginning of the year" datetime: "2026-03-06T13:59:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278113607.md) - [en](https://longbridge.com/en/news/278113607.md) - [zh-HK](https://longbridge.com/zh-HK/news/278113607.md) --- > 支持的语言: [English](https://longbridge.com/en/news/278113607.md) | [繁體中文](https://longbridge.com/zh-HK/news/278113607.md) # The number of jobs unexpectedly decreased by 92,000, and the unemployment rate slightly rose to 4.4%! The U.S. non-farm payrolls for February surprised the market, raising expectations for interest rate cuts According to the latest data released by the U.S. Bureau of Labor Statistics on Friday, the U.S. non-farm payrolls decreased by 92,000 in February, reporting negative values again after October 2025, far below the market expectation of an increase of 59,000; the unemployment rate was 4.4%, reaching a new high since December 2025, slightly above the market expectation of 4.3%. In addition, the data showed that the non-farm payrolls for December last year were revised down from 48,000 to -17,000, and the non-farm payrolls for January were revised down from 130,000 to 126,000. After revision, the total non-farm payrolls for December last year and January this year decreased by 69,000 compared to the previous revision. Following the release of this latest employment data, traders now expect the probability of the Federal Reserve cutting interest rates in June to rise to about 50%, up from only 35% before the employment data was released. As of the time of writing, the U.S. Dollar Index (DXY) fell more than 22 basis points to 99.09. Spot gold rose over 1% to $5,131 per ounce; spot silver rose over 1% to $83.37 per ounce. The three major U.S. stock index futures expanded their declines before the market opened. ![31.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260306/1772805005171337.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) The U.S. Bureau of Labor Statistics stated that the healthcare industry lost 19,000 jobs in February, primarily due to a nurses' strike in California, which temporarily left 31,000 people unable to work. However, given that the healthcare industry has been a major growth area for hiring, this figure is indeed quite surprising. Meanwhile, employment in the information industry and the federal government continues to decline. Analyst Mark Niquette expressed that this report raises doubts about whether the labor market is truly stabilizing. Previously, the labor market experienced the worst hiring performance in decades during non-recession years. Although there was a surge in job growth at the beginning of this year, and unemployment claims remained at low levels, companies may have begun to implement a series of layoffs they previously announced. Additionally, the recent trend of rising productivity suggests that spending in the artificial intelligence sector has allowed some companies to maintain operations with a leaner workforce. This data may prompt the Federal Reserve to refocus on the labor market when assessing how long to maintain stable interest rates. Prior to this, policymakers had been more focused on inflation—even before the concerns about price pressures triggered by the U.S.-Iran war. Analyst Chris Anstey bluntly stated that this week's non-farm data is likely to pressure the Federal Reserve to consider resuming interest rate cuts. The current situation is completely inconsistent with the "stabilizing" narrative described by many officials previously. Furthermore, some analysts pointed out that this non-farm report is extremely unfavorable for the Trump administration politically. Trump now faces a deteriorating labor market while also dealing with persistent inflation concerns—the combination of slowing economic growth and sticky inflation could trigger the most severe sell-off—this all occurring against the backdrop of rising oil and gas prices due to the war with Iran. In the past, Trump has dismissed weak economic signals and insisted that the U.S. economy remained strong during his administration But even one of the indicators he values most—the stock market—had a rather turbulent performance this week ### 相关股票 - [Invesco QQQ Trust (QQQ.US)](https://longbridge.com/zh-CN/quote/QQQ.US.md) - [Dow Jones Industrial Average (.DJI.US)](https://longbridge.com/zh-CN/quote/.DJI.US.md) - [Proshares UltraPro QQQ (TQQQ.US)](https://longbridge.com/zh-CN/quote/TQQQ.US.md) - [Invesco Nasdaq 100 ETF (QQQM.US)](https://longbridge.com/zh-CN/quote/QQQM.US.md) - [Nasdaq (NDAQ.US)](https://longbridge.com/zh-CN/quote/NDAQ.US.md) - [S&P 500 (.SPX.US)](https://longbridge.com/zh-CN/quote/.SPX.US.md) - [NASDAQ Composite Index (.IXIC.US)](https://longbridge.com/zh-CN/quote/.IXIC.US.md) - [Fidelity Nasdaq Composite Index ETF (ONEQ.US)](https://longbridge.com/zh-CN/quote/ONEQ.US.md) ## 相关资讯与研究 - [Trump touts strong March jobs report after February losses](https://longbridge.com/zh-CN/news/281669789.md) - [Jobless claims total 202,000, below estimate](https://longbridge.com/zh-CN/news/281528716.md) - [U.S. Jobs Growth Surges to 15-Month High as Unemployment Rate Drops](https://longbridge.com/zh-CN/news/281642589.md) - [How insulated is the US economy from the Iran war?](https://longbridge.com/zh-CN/news/281587491.md) - [How to interpret the wild swings in the jobs numbers](https://longbridge.com/zh-CN/news/281681321.md)