Pandemic recovery picks up speed as employers add 916,000 jobs - News Summed Up

Pandemic recovery picks up speed as employers add 916,000 jobs


New York (CNN Business) The US economy's recovery from the pandemic strengthened in March as employers added 916,000 jobs — the biggest gain since August, the Labor Department reported Friday. The huge jump in jobs was up from the 468,000 increase in jobs reported for February, which itself was revised up by nearly 100,000 jobs from its initial reading. The gain was also much better than predicted by economists, who expected a strong but more modest increase of 647,000 jobs. Some of the sectors scoring big improvements were among those hurt the worst by the shutdowns associated with the pandemic, including restaurants and bars, which added 176,000 jobs. Hotels and other accommodations added 40,000 jobs, and the category that includes performing arts, spectator sports and amusement parks added 64,000.


Source: CNN April 02, 2021 10:31 UTC



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