At long last, there’s hope, says Joe Biden after over 900,000 new jobs created in US in March
As the US economy created over 900,000 jobs in March this year after the pandemic recession, US President Joe Biden on Friday said the first two months of his administration has seen more new jobs created than in the first two months in any administration in history.
The March increase in jobs in – the most since August – was nearly double February’s gain of 468,000, the Labour Department said Friday. The unemployment rate declined from 6.2 per cent to 6 per cent.
Even with last month’s robust increase, the economy remains more than 8 million jobs short of the number it had before the coronavirus pandemic erupted a little over a year ago. But with the recovery widely expected to strengthen, many forecasters predict enough hiring in the coming months to recover nearly all those lost jobs by year’s end.