US loses 92,000 jobs in February, falling far short of expected gain

The U.S. lost 92,000 jobs in February and the jobless rate rose to 4.4 percent, according to data released Friday by the Bureau of Labor Statistics (BLS). The February jobs report showed the nation’s labor market rapidly losing steam last month, defying the expectations of experts. Economists expected the U.S. to have gained roughly 60,000…