The U.S. jobs rebound picked up steam last month, fueled by the accelerating pace of vaccinations and a new injection of federal aid. Employers added 916,000 jobs in March, up from 416,000 in February and the most since August, the Labor Department said Friday. Construction firms added 110,000 jobs as the housing market stayed strong and activity resumed following winter storms in February. “March’s jobs report is the most optimistic report since the pandemic began,” said Daniel Zhao, senior economist of the career site Glassdoor. “It’s not the largest gain in payrolls since the pandemic began, but it’s the first where it seems like the finish line is in sight.”

Source: New York Times April 02, 2021 08:46 UTC