Hiring Booms as Jobs Report Exceeds Expectations

Employers added more than 900K jobs in March as unemployment falls to 6%
By John Johnson,  Newser Staff
Posted Apr 2, 2021 7:48 AM CDT
Jobs Report Shows a Strong Surge in Hiring
A hiring sign shows outside of a restaurant in Prospect Heights, Ill., on March 21, 2021.   (AP Photo/Nam Y. Huh)

Analysts expected a strong jobs report, and the Labor Department delivered. Employers went on a hiring binge in March, and they're expected to continue for the near future. The highlights:

  • A big number: Employers added 916,000 jobs last month, reports the AP, well above expectations of about 675,000. It's the biggest gain since August and a sign that the pace of recovery from the pandemic is quickening, reports the Washington Post.
  • Unemployment rate: It fell from 6.2% to 6%.

  • More to come? “I think March is going to be the first one of a string of very strong numbers," Shawn Snyder of Citi US Wealth Management tells CNBC. “It’s not as strong as what we’re going to see in April and May. I think we could see a string of three or four months where we average over 1 million jobs." Economist Beth Ann Bovino of S&P Global tells the Wall Street Journal that "there's a seismic shift going on in the US economy."
  • Key industries: The leisure and hospitality sector led the way with 280,000 new hires. Bars and restaurants in particular added 176,000 new workers.
  • Context: Even with the robust number, the US still has about 8 million fewer jobs than before the pandemic, notes the AP.
(More unemployment stories.)

Get breaking news in your inbox.
What you need to know, as soon as we know it.
Sign up
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.