U.S. job growth has repeatedly blown past expectations since the start of the new year, but there has been a consistent factor underpinning those surprisingly strong figures: the government. The most recent data from the Labor Department shows that employers added 303,000 jobs in March, easily topping the 200,000 gain forecast by LSEG economists. The unemployment rate inched lower to 3.8%, from 3.9% in February.
You may see this massive rebound in hiring, but once there’s a slow patch, you might see a reversal of that trend." INFLATION ACCELERATES MORE THAN EXPECTED IN MARCH AS HIGH PRICES PERSIST State and local governments are hiring teachers and police officers, while the federal government is onboarding TSA agents amid a post-pandemic surge in travel.