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El Paso Businesses Brace for Impact Ahead of February Jobs Report

KVIA•Thursday, March 5, 2026 at 12:34 PM•CNN Newsource

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AI Summary

As economic uncertainty continues to affect small businesses, El Paso is on edge ahead of the upcoming February jobs report, scheduled for release at 8:30 a.m. ET on Friday. Factors such as steep tariffs and global events have led to a slowdown in hiring, with expectations that only 60,000 jobs were added last month, a significant decrease from January's 130,000. The unemployment rate is projected to remain steady at 4.3%. Local businesses like ValenSil Technologies are feeling the impact, reducing workforce expansion plans due to unpredictable market conditions. Residents should stay informed about the job market trends as they may influence local employment opportunities.

Key Details: • February jobs report to be released on Friday at 8:30 a.m. ET. • Expected job growth of only 60,000, down from 130,000 in January. • Unemployment rate projected to stay at 4.3%. • ValenSil Technologies in Avon, Ohio, facing hiring slowdowns due to tariffs. • Local businesses may adjust hiring plans based on upcoming economic indicators.

economy business jobs unemployment local-news

People & Organizations

El PasoBureau of Labor StatisticsNela RichardsonADPAndy ChallengerChallenger, Gray & ChristmasJack DorseyJim O’ConnorAvon, Ohio

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