Stocks Slide After Weak February Jobs Report

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 6 March 2026

⏱️ 13 minutes

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Summary

P.M. Edition for Mar. 6. The Labor Department said today that the U.S. lost 92,000 jobs in February—a greater drop than economists expected. WSJ economics reporter Justin Lahart discusses the sectors affected, and what this report means for the Federal Reserve. Plus, President Trump calls for “unconditional surrender” in Iran. And WSJ markets reporter Hannah Erin Lang says U.S. stocks dropped after the weak employment report, while oil prices continued their rise, notching their biggest weekly gain on record. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	How are the U.S. businesses of Philip Morris International invested in America?
0:05.0	We're invested in advancing science, giving adults who smoke better options.
0:10.0	We're invested in American manufacturing, helping local economies thrive.
0:15.0	We're invested in community, supporting military veterans and their families,
0:19.0	disaster relief, and economic empowerment.
0:22.5	Because we're proud to be invested in America. See how at uspMI.com.
0:33.2	In an unexpected downturn, the U.S. lost 92,000 jobs in February.
0:38.6	Plus, President Trump's new pick to head the Department of Homeland Security is a signal
0:42.8	that the president doesn't plan to back off his signature immigration tactics.
0:46.8	I think that Mullen is 100% on board with Trump's immigration policies and deportation efforts.
0:52.9	What will be interesting to see is whether his relationships on Capitol Hill might make
0:57.5	his job a little bit easier.
0:59.3	And Trump calls for Iran's, quote, unconditional surrender.
1:03.0	It's Friday, March 6th.
1:04.7	I'm Alex O'Sulloch for the Wall Street Journal.
1:07.1	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:16.1	The Labor Department today reported that the U.S. lost 92,000 jobs in February.
1:21.8	It's a significant downturn from January's gain of 126,000 jobs, and it's also worse than the 50,000 jobs the economy was
1:30.0	expected to add last month. And one more number, the unemployment rate rose slightly to 4.4%. For more
1:37.3	on these numbers, I'm joined now by WSJ economics reporter, Justin Layhart. Justin, healthcare jobs in
1:43.7	particular have propped up the labor market for some time now.
1:47.1	In February, the health care and social assistance sector lost more than 18,000 jobs.
	...

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