The U.S. Bureau of Labor Statistics reported that 303,000 jobs were added to the U.S. economy in March, beating estimates of just 214,000 nonfarm payrolls. Average hourly wages (4.1%) and unemployment rate (3.8%) were both in line with expectations.
U.S. Acting Secretary of Labor Julie Su, speaking for the paper with Yahoo Finance's Jennifer Schoenberger following Friday morning's jobs report, said the unemployment rate has remained at a consistent 4% for the longest period in decades. “This is exactly President Biden's vision for the country,” he said. .
Secretary Hsu said that recent immigration statistics are particularly conducive to sustainable job growth despite inflation, adding: “This shows how a generally strong economy is good for everyone. “This is an example of how this labor market is attracting everyone, and we are certainly seeing those results.” Growth because of immigrants… We are a country where growth often includes the contribution of immigrants. But it's not just immigrant communities. Just as there are a wide range of areas where we have seen growth, we have also seen benefits in a variety of areas. The community is also very widespread. ”
Additionally, women are reportedly re-entering the workforce at record rates in Europe and the United States, exceeding pre-pandemic levels.
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Editor's note: This article was written by luke carberry morgan.
