Ben Casselman: Hiring data shows sharp decline in February

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31.03.2026

Ben Casselman: Hiring data shows sharp decline in February — February hiring saw sharp decline

Hiring activity, as measured by gross hires rather than net job changes, experienced a notable drop in February. Ben Casselman highlighted this downturn, adding that while the decline is concerning if accurate, the data is subject to noise and revisions. He noted that hiring had previously been relatively steady.

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Casselman has previously raised transparency concerns after a data source change lowered January PCE inflation. He also noted inconsistent publication of the CPI legal services index since early 2023. These issues highlight recent challenges in key economic data releases.

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