A Horrendous Job Report Looks Even Worse Under the Surface
Exploring Finance | SchiffGold | 07 Mar, 2026
The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.
Current Trends
The jobs report showed an unexpected loss in jobs of -92k. The Household report was even worse with a loss of 185k jobs, which follows the loss in January of 895k jobs. This paints a very negative picture of the job market.
Figure: 1 Primary Report vs Household Survey – Monthly
BLS revisions
Economic Indicators
employment data
Household Survey
jobs report
Labor Force Participation
labor market
recession signals
U.S. economy
Unemployment Rate