The Bureau of Labor Statistics released its jobs report for February today. The numbers are not great, to put it kindly. From the Wall Street Journal: “The U.S. lost 92,000 jobs in February, a sign that the job market continues to struggle across a broad range of sectors.”

Economists expected the labor market to cool off following January’s great jobs report, but not to turn negative as it did:

The employment numbers, reported Friday by the Labor Department, fell far short of January’s gain of 126,000 jobs. They were also much worse than the gain of 50,000 jobs that economists polled by The Wall Street Journal had expected to see. The unemployment rate ticked slightly higher to 4.4%. While that is still low, the Friday report exposes troubling weaknesses in a labor market that has shown very little employment growth in recent months.

The employment numbers, reported Friday by the Labor Department, fell far short of January’s gain of 126,000 jobs. They were also much worse than the gain of 50,000 jobs that economists polled by The Wall Street Journal had expected to see.

The unemployment rate ticked........

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