The Labor Market Collapsed In February With BLS Reporting A Net Loss Of 92,000 Jobs, Restaurants Shed 30,000

The US economy lost 92,000 net jobs in February, according to the monthly “Employment Situation” report from the Bureau of Labor Statistics, released March 6. The BLS in its monthly revisions also shaved 69,000 reported new jobs from December and January. The change pushed December numbers from a 48,000 job gain to a 17,000 job…