• 1.02K
  • 679
  • Favorite

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment679

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

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial