US Added 916K Jobs In March, Unemployment At 6%

April 2, 2021 Economy, Employment

The U.S. economy added 916,000 jobs last month and the unemployment rate fell to 6 percent, in the strongest indication yet that the labor market is finally working its way back to pre-pandemic norms as the number of vaccinations continues to rise.

The hiring and employment data, released Friday by the Bureau of Labor Statistics, firmly beat economists’ predictions of 675,000 positions added.

While the latest unemployment rate is far removed from its April peak of 14.8 percent, it is still much higher than its pre-pandemic level of 3.5 percent, which was the lowest in almost 50 years.

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BREAKING: U.S. economy gains 916,000 jobs and the unemployment rate falls to 6% as vaccinations spur labor market recovery. https://t.co/BzLPbJeYld
(Corrects: grammar)

— NBC News (@NBCNews) April 2, 2021