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flag U.S. job losses hit 92,000 in February 2026, unemployment rose to 4.4%, amid global tensions and rising oil prices.

flag The U.S. economy lost 92,000 jobs in February 2026, reversing recent hiring trends and pushing the unemployment rate to 4.4%, according to the Labor Department. flag Job losses were widespread, with healthcare, construction, manufacturing, and service sectors affected, while wage growth continued, rising 3.8% annually. flag The downturn coincided with escalating U.S.-Iran tensions, a 35% spike in oil prices due to fears of a Strait of Hormuz blockade, and a sharp market sell-off, with the Dow, S&P 500, and Nasdaq all declining. flag The Federal Reserve has paused its rate-cutting cycle, facing pressure to balance inflation concerns with economic slowdown risks.

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