I'm Lou Bassonise and this is the Fox Business Rundown.

Friday, March 6th, 2026, a big disappointment as February jobs numbers miss expectations and show job losses.

So how should investors and policymakers respond?

I think this jobs market is kind of hard to read.

It's not one that's necessarily getting much stronger,

but it's not one that's falling apart.

The Labor Department reports that the U.S. economy shed 92,000 jobs in February,

falling well short of the 59,000 job increase economists were predicting.

Private payrolls took the brunt of the hit, while health care

employment also plummeted amid widespread strikes. Some sectors, however, weathered the storm,

as state government jobs, social assistance employers, and others saw gains. Along with the losses,

the unemployment rate ticks slightly higher to 4.4%. That's up one-tenth of a percent from January.

But the jobs data isn't the only thing rattling the markets as U.S. military operations in Iran

are shaking up global oil supplies and already impacting gas prices here at home.

So what does the February Jobs report tell us about the American labor market and how will it impact what the Fed does next?

There are just crazy revisions going on. And if you remember, even with the prior month revised down to 126, it was way above last month's expectations going in.

Michael Lee is the founder of Michael Lee's strategy. This month is way below the lowest of expectations. So the

consensus range this month was 35 to 35,000 to 125,000. Right. And we came in at negative 92. Last

month, I think the high end was 70 or 80. And even with revised, we're at 126. So I, you know,

I am perplexed with the Bureau of Labor Statistics in their job collection and method, especially the birth, death adjustment that they make on a monthly basis.

I just, you know, to me, the BLS has had a hard time gauging that health of the labor market.

Yeah, and this has been a, I mean, this has been a problem.

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