更新于：2026年3月6日 / 美国东部时间上午10:53 / 哥伦比亚广播公司新闻
美国就业市场2月裁员9.2万人，在经济学家曾预测就业增长后，这对经济造成了急剧且意外的挫折。
失业率上月从1月的4.3%微升至4.4%。
数据概览
FactSet调查的经济学家曾预测上月新增就业岗位6万个。
2月是过去五个月中第三次出现就业岗位减少的情况。受就业报告意外不及预期以及伊朗战争扩大导致原油价格大幅飙升的影响，美国市场期货价格下跌。
医疗保健行业的招聘减少拖累了2月的就业增长，该行业最近一直是就业增长的来源。该行业裁员2.8万人，美国劳工部将此归因于近期的罢工活动。加利福尼亚州的护士罢工于上月末结束。
一些分析师指出，罢工和近期冬季风暴可能扭曲了数据，使其显得比实际情况更疲软。
牛津经济研究院首席经济学家南希·范登胡滕周五在电子邮件中表示：”正如1月的就业报告夸大了劳动力市场的任何新兴增长，2月的就业数据则错误地暗示了劳动力市场状况正在恶化。”
1月的就业岗位增加出乎意料地强劲，大幅超过经济学家的预期。然而，周五劳工部将该月的就业增长向下修正了4000个岗位，12月的就业增长向下修正了6.5万个岗位，这表明劳动力市场比之前认为的要疲软。
专家周五表示，即便就业市场比表面看起来更强劲，2月的就业数据仍给美国经济注入了一定程度的不确定性。
Principal资产管理公司首席全球策略师西玛·沙阿在电子邮件中表示：”最近的劳动力市场数据一直显示出韧性，但今天的明显疲软读数增加了劳动力市场可能呈现不同图景的风险。市场正面临相反方向的拉扯，而这份就业报告为本已混乱的背景增添了另一重不确定性。”
近期，劳动力市场的特点是招聘疲软。ADP最新报告显示，1月的岗位流动率降至9年低点，为5.8%，许多工人坚持留任岗位。去年的招聘表现平平，雇主仅新增18.1万个就业岗位，为疫情爆发后的2020年以来最低水平。
专家观点
专家表示，2月就业岗位减少给美联储带来了棘手的局面，美联储在寻求提振就业的同时还要抑制通胀。降息可能有助于启动劳动力市场，但美联储也将面临加剧通胀的风险，而伊朗战争推高全球能源价格已使通胀成为核心关切点。
专家指出，美联储官员将努力判断2月的数据是短暂波动还是反映了更长期的趋势。
Indeed招聘实验室的经济学家科里·斯塔尔在电子邮件中表示：”今天的数据显示，过去六个月劳动力市场平均基本净就业创造为零。现在的关键问题是，2月是暂时挫折还是更令人担忧的趋势的开始。”
美联储的下一次利率决策将于3月18日公布。
摩根士丹利财富管理首席经济策略师艾伦·森特纳在电子邮件中表示：”今天的数据可能让美联储陷入两难境地。劳动力市场的显著疲软将支持降息，但考虑到油价’维持高位’可能引发新一轮通胀飙升的风险，美联储可能感到有必要按兵不动。”
由于伊朗战争扩大导致油价上涨，通胀担忧已开始影响美国经济的多个领域，如房地产市场，那里的抵押贷款利率最近升至6%。国际基准布伦特原油价格在周五冲突升级时达到每桶90美元。
由艾米·皮卡编辑
U.S. economy lost 92,000 jobs in February, marking an unexpected setback for the economy
Updated on: March 6, 2026 / 10:53 AM EST / CBS News
The U.S. job market shed 92,000 jobs in February, a sharp and unexpected setback for the economy after economists had forecast job growth.
The unemployment rate ticked up to 4.4% last month from 4.3% in January.
By the numbers
Economists polled by FactSet had predicted a payroll gain of 60,000 last month.
February marks the third time in the last five months that the job market has shown job losses. U.S. market futures are declining on the jobs report’s surprise miss, along with another big spike in crude oil prices amid the widening war in Iran.
A drop in hiring in the health care sector, which has recently been a source of employment gains, dragged down job growth in February. That sector shed 28,000 jobs, which the Labor Department attributed to recent strike activity. A nurses’ strike in California ended late last month.
Some analysts noted that strikes and recent winter storms may have distorted the data, making it appear weaker than it actually is.
“Just as the January jobs report overstated any emerging strength in the labor market, the February employment data give a false impression of deteriorating labor market conditions,” Nancy Vanden Houten, lead economist at Oxford Economics, said in an email on Friday.
Payroll gains were unexpectedly strong in January, soaring well above economists’ expectations. On Friday, however, the Labor Department revised job growth for that month down by 4,000 and for December by 65,000, a sign that the labor market was weaker than previously thought.
Even if the job market is stronger than it appears, experts said Friday that the February employment data is injecting a degree of uncertainty into the U.S. economy.
“Recent labor market data had been pointing to resilience, but today’s sharply weaker reading raises the risk that a different picture could be in play,” said Seema Shah, chief global strategist at Principal Asset Management, in an email. “Markets are being tugged in opposing directions, and this jobs report adds yet another layer of uncertainty to an already noisy backdrop.”
As of late, the labor market has been marked by a stretch of weak hiring. The pace of job turnover hit a nine-year low in January, at 5.8%, a recent ADP report found, as many workers cling to their jobs. The lackluster hiring was on full display last year, when employers added just 181,000 jobs, the lowest since the pandemic year of 2020.
What experts are saying
The February jobs decline poses a sticky situation for the Federal Reserve as it seeks to bolster employment while keeping inflation at bay, experts say. Cutting rates could help kick-start the labor market, but the Fed would also risk fueling inflation, which has become a central concern as the war in Iran drives up global energy prices.
Fed officials will be grappling with whether February’s data is a blip or if it reflects a longer-term trend, experts noted.
“Today’s data show that the labor market has averaged essentially zero net job creation over the past six months,” Cory Stahle, an economist for Indeed Hiring Lab, said in an email. “The key question now is whether February was a temporary setback or the start of a more concerning trend.”
The Fed’s next rate decision will be announced on March 18.
“Today’s numbers may have put the Fed between a rock and a hard place,” Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management, said in an email. “Significant weakening in the labor market would support a rate cut, but given the risk that higher-for-longer oil prices could trigger another inflation surge, the Fed may feel compelled remain on the sidelines.”
Inflation fears, fueled by rising oil prices due to the widening Iran war, are already rattling parts of the U.S. economy such as the housing market, where mortgage rates recently edged up to 6%. The price for Brent oil, the international benchmark, hit $90 per barrel on Friday as the conflict escalated.
Edited by Aimee Picchi
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