The Federal Reserve is trying to rein in historically high wage growth to tame inflation. Overall, the job market remains hot for workers, economists said.

One bank implosion and a cooperative jobs report later, and the market has changed its mind.

Regional banks led Friday’s losses amid the Silicon Valley Bank shutdown.

Companies including JPMorgan Chase, Morgan Stanley and First Republic have also seen heightened inflows Thursday as SVB’s stock tanked.

Black women saw their unemployment rate jump to 5.1% from 4.7%. Among Hispanic women, it jumped to 4.8% from 4.4%.

Many clients think estate planning is “only for rich people,” among other misconceptions, said Lee Baker, a certified financial planner based in Atlanta.

The leisure and hospitality sector added 105,000 jobs last month, according to the Labor Department, accounting for roughly a third of the total jobs gain.

VC firms are urging their portfolio companies to move money out of embattled lender Silicon Valley Bank, fueling fears of a run on the tech-focused bank.

SVB is a major bank for venture-back companies, and cited cash burn from clients as one reason it was looking to raise additional capital.

Nonfarm payrolls were expected to increase by 225,000 in February, while the unemployment rate was projected to hold at 3.4%, according to Dow Jones.