The sectors that added the most jobs in March hint at just how much the economic reopening might revitalize the US labor market.
Businesses added 916,000 nonfarm payrolls last month, according to Bureau of Labor Statistics data published Friday morning. The reading handily beat the median estimate of 660,000 payroll additions from economists surveyed by Bloomberg, and signaled that partial reopening, improved vaccination, and new stimulus fueled a strong uptick in hiring.
Businesses added 916,000 nonfarm payrolls last month, according to Bureau of Labor Statistics data published Friday morning. The reading handily beat the median estimate of 660,000 payroll additions from economists surveyed by Bloomberg, and signaled that partial reopening, improved vaccination, and new stimulus fueled a strong uptick in hiring.
- Sectors with the strongest job gains in March signal reopening will fuel a swift economic rebound.
- Leisure and hospitality businesses counted for one-third of last month`s gain of 916,000 payrolls.
- Hiring in the government and construction sectors improved significantly from the prior month.
RSK: I can tell you first hand that the largest most pressing problem for restaurants is finding help. Our group could not open some of the outdoor seating on a beautiful Easter weekend because of this. Not a lot of incentives for many to go back with covid relief and unemployment money...
Share this article on you social outlets
Our Sponsors
- - Volume: 9 - WEEK: 15 Date: 4/6/2021 8:33:08 AM -