Nonfarm payrolls fell by 92,000 in February while the rate of unemployment climbed to 4.4%, the U.S. Bureau of Labor Statistics reported Friday.

The contraction came as a surprise with payrolls down in nearly every sector.

Nonfarm payrolls fell by 92,000 in February while the rate of unemployment climbed to 4.4%, the U.S. Bureau of Labor Statistics reported Friday.