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US Economy Added 916,000 Jobs in March, as Recovery Gains Steam

Labor News

Reprinted from The Washington Post by Eli Rosenberg on April 2, 2021.

The US economy added 916,000 jobs last month, as coronavirus vaccine distribution improved, Congress approved a $1.9 trillion stimulus package, and states across the country lifted restrictions on businesses.

The unemployment rate edged down to 6 percent from 6.2 percent in March, according to the monthly report from the Bureau of Labor Statistics.

The report comes a year after the pandemic threw the US economy into a tailspin.

The labor market recovered about 12 million of the 22 million jobs lost in the first two months of the pandemic by October. But the pace of the recovery had slowed drastically by then, and it churned sluggishly through winter as the virus surged through the holidays and into the New Year. …

The Washington Post 4/2

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About Jeffrey Burman 634 Articles
Jeff Burman served on the Guild’s Board of Directors from 1992 to 2019. He is now retired. He can be reached at jeffrey.s.burman.57@gmail.com.

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