US Job Market Softens in February With Higher Unemployment, Moderate Hiring

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US job growth steadied last month while the unemployment rate rose — a mixed snapshot of a job market hanging in the balance of quickly changing government policy.

Nonfarm payrolls increased 151,000 in February after a downward revision to the prior month, according to a Bureau of Labor Statistics report out Friday. The unemployment rate rose to 4.1%.

Friday’s report is the latest evidence that the labor market is softening, with more people permanently out of work, fewer workers on federal government payrolls and a jump in those working part-time for economic reasons. The number of Americans holding multiple jobs climbed to a record of nearly 8.9 million.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Bloomberg International Economics and Policy Correspondent Michael McKee following Federal Reserve Chairman Jerome Powell's speech at the Chicago Booth's 2025 US Monetary Policy Forum.
• Senior Strategic Advisor and Senior Fellow at the Groundwork Collaborative Kitty Richards about the latest US jobs data.
• Blockchain Association CEO Kristin Smith about the crypto summit being held at the White House Friday.
• Bipartisan Policy Center President and CEO and former US Education Secretary Margaret Spellings about President Donald Trump's plans for the Education Department.

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