March 6, 2026
United States:
US Unexpectedly Sheds 92,000 Jobs, Unemployment Rate Rises
US employers unexpectedly cut jobs in February and the unemployment rate rose, raising doubts about the health of the labor market.
Nonfarm payrolls decreased 92,000 last month after a strong start to the year, according to Bureau of Labor Statistics data out Friday. The unemployment rate climbed to 4.4%.
Europe:
Euro-Zone GDP Grew Less Than Initially Thought at End-2025
The euro-area economy expanded less than initially reported at the end of last year, with trade weighing on growth.
Fourth-quarter gross domestic product rose 0.2% from the previous three months, worse than the preliminary estimate of 0.3%, Eurostat said Friday.
Asia:
PBOC Vows to Support Yuan Stability as Global Volatility Rises
China’s central bank governor reiterated a pledge to keep the yuan stable and vowed to insulate the nation’s financial markets from volatility spurred by the war in the Middle East.
“We will continue to keep the yuan basically stable and strengthen guidance for foreign exchange market expectations,” Pan Gongsheng, the Governor of the People’s Bank of China, said at a press briefing during the National People’s Congress on Friday.
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