April 16, 2021

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The U.S. economy added 916,000 jobs in March, The Labor Department announced Friday, blowing past the 675,000 jobs economists had predicted. The unemployment rate fell from 6.2 percent to 6 percent. The trend continues from last month’s report, in which 379,000 jobs were added, also exceeding expectations. “Job growth was widespread in March, led by gains in leisure and hospitality, public and private education, and construction,” the Labor Department said. The news comes as vaccination availability increases, temperatures rise, and states continue to reopen. As these trends continue, economists predict even faster hiring. [CNBC, MarketWatch]

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