released by the Labor Department Friday, exceeding economists’ expectations by some 300,000 jobs as vaccines rolled out across the country and states continued lifting virus-related restrictions on businesses.Getty ImagesThe leisure and hospitality industries—two of the sectors hit hardest by the pandemic last spring—drove the gains last month with 280,000 jobs added, two-thirds of which were in restaurants and bars.
The public and private education sectors added a combined 190,000 jobs as in-person learning resumed in many areas of the U.S., and the construction industry added 110,000 jobs. The labor force participation rate held relatively steady at 61.5% in March as 347,000 people returned to work.As it has in previous months, the report showed significant discrepancies in unemployment by race: the unemployment rate for Black Americans was 9.6% in March compared to 7.9% for Hispanics, 6.0% for Asians and 5.4% for whites.9.7 million. That’s how many people are now unemployed across the country, down from 22 million at the onset of the crisis last spring.
that credit and debit card spending soared 45% as the $1,400 stimulus checks authorized by that legislation hit bank accounts.Next month’s numbers could be even better. “The tide is turning,” Michelle Meyer, chief U.S. economist for Bank of America, told theadding that March’s data, “reaffirms this idea that the economy is accelerating meaningfully in the spring.”
China Joe & the Ho-Ho need to be reversed!
Why would it be reversed 🧐🧐🧐
Biden has already reversed a lot of the progress. I mean look at the border situation
What progress
.....can and will be reversed.... by the work of Democrats, who love to tax people. And they hate wealth. Oh, well, not wealth for themselves. Just for everyone else.
President Joe Biden is creating jobs for all Americans.
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