U.S. employers add 916,000 jobs in March as hiring accelerates
[ Editor’s Note: While Trump signals a return to public discourse with talk of starting his own social media platform, the Biden regime continues its war to deflect the virus to clear the way for an economic recovery all will be expecting, and hence the upbeat outlook emerging among economists.
The Republicans will do everything they can to disrupt that outcome, but which could backfire within the circles of moderate and non-Trumper Republicans that it needs to win elections.
But there are two lingering risks. One is the emergence of variants worse than what we have seen, the chance of which will go down as the case numbers do. But the states opening up too soon are putting all of us at risk via creating new surges that could dampen an economic resurgence.
We now have predictions of all 8 million lost jobs being recaptured by year end.
Maybe Biden should have put some contingencies for state economic stimuli being withheld from those that were irresponsible for taking virus surge risks. Biden’s team has a flood of vaccines and distribution structure in place to do the next 100 million in record time… Jim W. Dean ]
First published … April 03, 2021
America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as vaccinations accelerate, stimulus checks flow through the economy and businesses increasingly reopen.
The March increase — the most since August — was nearly double February’s gain of 468,000, the Labor Department said Friday. The unemployment rate declined from 6.2% to 6%.
…A survey found that manufacturing grew in March at its fastest pace since 1983. And vaccinations are increasingly being administered, although new confirmed infections have risen from lower levels in recent weeks.
…The $1,400 checks in President Joe Biden’s $1.9 trillion economic relief plan have sharply increased consumer spending, according to Bank of America’s tracking of its debit and credit cards. Spending jumped 23% in the third week of March compared with pre-pandemic levels, the bank said.
…Karen Fichuk, CEO of Randstad North America, a recruiting firm, said the company is seeking to fill 38% more permanent jobs than it was at the end of last year. Demand for workers is particularly strong in manufacturing, information technology, logistics, and health care.
Jim W. Dean Archives 2009-2014