US loses 92,000 jobs last month as the unemployment rate rises

American employers unexpectedly cut 92,000 jobs last month, a sign that the labor market remains under strain.

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The unemployment rate blipped up to 4.48.Hiring deteriorated from January, when companies, nonprofits and government agencies added a healthy 126,000 jobs, the Labor Department reported Friday. Economists had expected 60,000 new jobs in February.

Revisions also cut 69,000 jobs from December and January payrolls.

The surprisingly weak employment picture in February adds to the economic uncertainty over the war with Iran, which has caused oil prices to surge and saddled business and consumers with unforeseen costs.

"The job market is struggling in the face of so many headwinds," said Heather Long, chief economist at Navy Federal Credit Union. "Companies are going to be even more reluctant to hire this spring until the war ends and they can see consumers still spending. It’s a tense time for the US economy."

The job market had been expected to rebound this year from a lackluster 2025 when it was buffeted by President Donald Trump's erratic tariff policies, his purge of the federal workforce and the lingering effects of high interest rates. In 2025, employers added just 15,000 jobs a month.

Hopes for a 2026 rebound rose after January hiring came in above expectations.