Last Modified Date: April 02, 2021
Jobs Surge
The US economy added an estimated 916,000 non-farm jobs in March, the highest figure since August, according to figures released Friday. The report blew past analysts' projections of around 675,000, with experts pointing to an increasing number of states reopening their economies coupled with rising vaccination numbers. The estimated unemployment rate fell from 6.2% to 6.0%.
With the vast majority of states having dropped most pandemic restrictions (see overview), a number of hard-hit industries rebounded. The leisure and hospitality industry saw the biggest gains, netting an estimated 280,000 jobs, followed by government services (136,000) and construction (110,000). See a breakdown by industry here.
The picture is not all rosy—Black unemployment sits at 9.6%, while youth unemployment rose slightly month-to-month to 11.1%. Dig into the data here.
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