Loading...

Jobs Surge As Employers Add 916,000 Workers

April 2, 2021 by TWN Staff
Jobs Surge As Employers Add 916,000 Workers
A passer-by walks past an employment hiring sign while entering a Target store location, in Westwood, Mass. The Federal Reserve says there’s evidence (AP Photo/Steven Senne, File)

The U.S. added a solid 916,000 jobs last month — far surpassing an expected increase of 675,000 jobs — and the unemployment rate fell to 6 percent, the Labor Department reported Friday.

The new numbers come after the economy added 379,000 jobs in February, a figure that also far outpaced expectations.

The March jobs report shows the growth of the U.S. economy is speeding up as the pace of COVID-19 vaccinations accelerates and local restrictions have eased.

The perfomance of the economy is now outpacing the predictions of economists who expected the U.S. to gain jsut 675,000 jobs last month, and who have been predicting relatively modest gains in growth for the second quarter, which started this week, to be followed by a robust second have of the year.

The surge expected this summer and fall is expected to be largely due to the $1.9 trillion relief plan signed into law by President Joe Biden on March 11.

Despite Friday’s good news, the U.S. is still more than 8 million jobs short of pre-pandemic levels and millions more have left the workforce without a clear path to return.

Senate Majority Leader Chuck Schumer, D-N.Y., said in a statement that “If the American Rescue Plan could lead to these numbers, imagine what the even bigger, bolder American Jobs Plan will do for our recovery. 

“Now is not the time to take our foot off the gas. I’ll work with President Biden to pass a robust American Jobs Plan that will drive our country forward for decades to come,” he said.


In The News

Health

Voting

Employment

January 21, 2022
by Dan McCue
Judge Blocks Vaccine Mandate for Federal Workers

GALVESTON, Texas — A federal judge in Texas issued a preliminary injunction on Friday blocking the Biden administration from requiring... Read More

GALVESTON, Texas — A federal judge in Texas issued a preliminary injunction on Friday blocking the Biden administration from requiring that federal workers be vaccinated against the coronavirus. But the ruling by U.S. District Judge Jeffrey Brown is expected to have little impact. As of Friday,... Read More

January 21, 2022
by Dan McCue
Office of Personnel Management Raises Fed Minimum Wage to $15/Hour

WASHINGTON — Fulfilling a directive President Joe Biden issued on his first day in office, the Office of Personnel Management... Read More

WASHINGTON — Fulfilling a directive President Joe Biden issued on his first day in office, the Office of Personnel Management on Friday formally raised the minimum wage for federal employees to $15 an hour. The change means a raise for approximately 67,000 federal employees, commencing on... Read More

US Jobless Claims Rise to 286,000, Highest Since October

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose to the highest level in three months as... Read More

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose to the highest level in three months as the fast-spreading omicron variant continued to disrupt the job market. Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October,... Read More

January 19, 2022
by Dan McCue
New York Governor Seeks to Bolster Entertainment Industry

ALBANY, N.Y. — New York Gov. Kathy Hochul’s first budget proposal as chief executive includes key tax credit extensions aimed... Read More

ALBANY, N.Y. — New York Gov. Kathy Hochul’s first budget proposal as chief executive includes key tax credit extensions aimed at bolstering the state’s entertainment industry and revitalizing an economy still struggling with the coronavirus pandemic. Hochul’s proposed budget would extend New York state’s film and... Read More

January 19, 2022
by Alexa Hornbeck
CMS Vaccine Mandate Passes With Some Resistance

WASHINGTON — The Supreme Court recently gave the green light to a national vaccine mandate for 10 million health care... Read More

WASHINGTON — The Supreme Court recently gave the green light to a national vaccine mandate for 10 million health care workers who serve Medicaid and Medicare recipients. The mandate says, get vaccinated or lose funding from the U.S. Centers for Medicare and Medicaid Services, but some... Read More

January 13, 2022
by Dan McCue
Supreme Court Blocks Vaccine Mandate for Large Businesses; Health Care Worker Mandate Stands

WASHINGTON — The Supreme Court on Thursday blocked the Biden administration from enforcing a COVID-19 vaccine mandate on businesses that... Read More

WASHINGTON — The Supreme Court on Thursday blocked the Biden administration from enforcing a COVID-19 vaccine mandate on businesses that employ 100 or more workers, but in a separate ruling allowed a mandate on health care workers to proceed. In a 6-3, 30-page ruling in the... Read More

News From The Well
Exit mobile version