U.S. Adds 916,000 Jobs in March, according to the U.S. Department of Labor, April 2, 2021
U.S. states are continuing to ease restrictions as service sector jobs climb amid the outbreak of the Chinese Communist virus (Wuhan pneumonia.) The labor market in March showed the U.S. job market is recovering further strongly from the pandemic’s devastating impact.
The Labor Department said on Friday (April 2) that the labor market added 916,000 jobs in March. February’s figure was revised upward to 468,000 new jobs, instead of the 379,000 previously forecast.
Economists surveyed by Reuters had predicted that employment could be expected to grow by 647,000 jobs in March.
Meanwhile, the unemployment rate fell to 6.0% last month from 6.2% in February, the lowest level since March last year (2020), when non-essential businesses such as restaurants, bars and gyms were forced to close in response to the Communist Party’s viral outbreak. The unemployment rate reached an all-time high of 14.7% in April of the same year.
Currently, economic conditions are picking up as states gradually liberalize, although there are 8.4 million fewer U.S. jobs than before the pandemic.
Last month, the leisure and hospitality industry added 280,000 jobs. Of these, restaurants added 176,000 jobs, or about two-thirds; arts, entertainment and recreation grew by 64,000; and lodging grew by a respectable 40,000.
Meanwhile, public and private educational institutions added 190,000 jobs as schools resumed classroom instruction and other related activities; construction added 110,000 jobs.
“Spring is here for the economic recovery as today’s jobs report shows the economy growing at its fastest pace since September (of 2020).” “The economy is thawing after the cold winter brought on by the third wave of the epidemic,” said Daniel Zhao, senior economist at employment review site Glassdoor.
Among major employment groups, the Asian unemployment rate rose to 6 percent, the Hispanic unemployment rate fell to 7.9 percent, and the white and African-American unemployment rates were virtually unchanged at 5.4 percent and 9.6 percent, respectively.
Average hourly wages for private sector employees fell 4 cents to $29.96, while the average work week increased 0.3 hours to 34.9 hours.
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