Economy
April 6, 2022
US Job Creation Maintains Momentum in March
Written by David Schollaert
US job growth was strong in March. The hiring pace was boosted by consumer demand and declining COVID-19 caseloads. Employers added 431,000 jobs last month, bringing the unemployment rate down to 3.6% from 3.8% a month earlier. That rate is just a touch higher than levels right before the pandemic hit in 2020, according to the Labor Department.
Following a near record in February and the biggest gain in seven months, March’s gains suggest that many workers who had been kept out of the labor force have been returning as pandemic-related factors eased.
