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U.S. added 916,000 jobs in March, above expectations

Tiger Newspress2021-04-02

(April 2) Job growth boomed in March at the fastest pace since last summer as stronger economic growth and an aggressive vaccination effort pushed companies to step up hiring, the Labor Department reported Friday.

Nonfarm payrolls increased by 916,000 for the month while the unemployment rate fell to 6%.

Economists surveyed by Dow Jones had been looking for an increase of 675,000 and an unemployment rate of 6%.

The report comes amid a slew of other indicators pointing to stronger growth as the U.S. tries to shake off the effects of the Covid-19 pandemic. States and municipalities across the country continue to reopen after a year of operating at reduced capacity.

Business activity has returned to close to normal levels in much of the company despite the restrictions, with a tracker by Jeffries indicating that activity is at 93.5% of its pre-pandemic level.

Data from Homebase shows that employees working and hours worked both gained sharply over the past month, with significant improvements in both hospitality and entertainment. Those have been the hardest-hit sectors, but have improved over the past two months as governments have loosened up on some of the harshest restrictions on activity.

At the same time, manufacturing is enjoying a boom, with an Institute for Supply Management gauge of activity in the sector hitting its highest level since late 1983 in March.

The pace of gains combined with the unprecedented level of government stimulus has kindled worries about inflation, though Federal Reserve officials say any increases will be temporary.

The Fed is keeping a close eye on the jobs data, but policymakers have said repeatedly that even with the recent improvements the labor market is nowhere near a point that would push the central bank into raising interest rates.

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Comment679

  • CWONG
    ·2021-04-06
    Good news!
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  • Liuliusg
    ·2021-04-05
    It is a positive factor for us market. More positive factors will lead to bull market. Hence, get ready to log in.
    Reply
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    • SSSG
      It is true, get ready for the opportunity.
      2021-04-05
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  • YongYufei
    ·2021-04-05
    Reply my comment pls 
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    • YongYufei
      ThaNks
      2021-04-06
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    • YongYufei
      Okieeee
      2021-04-06
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    • canoboi
      reply n like
      2021-04-05
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    View more 2 comments
  • mrX
    ·2021-04-05
    Good news. Hope us market will boom
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  • Huathk
    ·2021-04-05
    Gd
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  • chahcx
    ·2021-04-05
    Pls comment for unlimited good luck :D
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    • needtoberich
      good luck to you too!
      2021-04-05
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    • MFME
      rich equal to luck meh??
      2021-04-05
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  • kentt0414
    ·2021-04-05
    Comment and like for best of lucks. Thanks
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    • kentt0414
      Need response to my comment too. Thanks
      2021-04-05
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    • chahcx
      pls comment back too
      2021-04-05
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  • AnthonyC
    ·2021-04-05
    Turn green soon
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    • Shoki
      Nice
      2021-04-05
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    • Shoki
      Gud
      2021-04-05
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    • AnthonyC
      Hehe
      2021-04-05
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  • Junwei95
    ·2021-04-05
    Noice
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  • Derekng
    ·2021-04-05
    K
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  • ST2021
    ·2021-04-05
    Great [齜牙] 
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  • XiaTian
    ·2021-04-05
    Good good up 
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  • Jacjacjacjac
    ·2021-04-05
    Good mews
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  • Jooni
    ·2021-04-05
    I wan jobs too 
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    • Myeong
      Hahaha
      2021-04-05
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    • needtoberich
      good luck!! [强]
      2021-04-05
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  • nsk
    ·2021-04-05
    Okay
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  • nsk
    ·2021-04-05
    Okay
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    • nsk
      alright
      2021-04-05
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  • killuz
    ·2021-04-05
    Like and comment pls
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    • Lzoakz
      Ok
      2021-04-06
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    • Erico58
      good
      2021-04-05
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  • PickaChew
    ·2021-04-05
    Comment and like pls
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  • HMHu
    ·2021-04-05
    Nice!
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  • ming22
    ·2021-04-05
    Nice ?? ?? 
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