美国2月劳动数据：劳动数据如何反映联邦政府裁员的影响？

Employment Data Summary - Non-farm payrolls increased by 151,000 in February, slightly below the expected 160,000[1] - The unemployment rate rose to 4.1%, higher than the anticipated 4.0%[3] - Year-on-year wage growth for non-farm payrolls was stable at 4.02%[1] Labor Market Dynamics - The labor force participation rate increased to 62.4%[3] - Full-time employment decreased by 1.22 million in February, following a revised increase of 2.386 million in January[3] - Part-time employment saw a minor decline of 17,000[3] Government Employment Impact - Government jobs added only 11,000, with a reduction of approximately 10,000 federal employees[4] - Initial claims for unemployment benefits in Washington D.C. rose from around 400-800 to over 1,600, indicating early impacts of government layoffs[4] Economic Outlook - The manufacturing sector remains weak due to high interest rates and tariff disruptions, with limited job growth expected[4] - The Fed is not expected to lower rates immediately, but three rate cuts are anticipated in 2025, with the first likely mid-year[10] - The overall economic situation suggests a gradual slowdown rather than a sharp decline, influenced by government fiscal tightening and tariffs[10]