U.S. adds robust 916,000 jobs in March, jobless rate falls to 6%

The U.S. economy generated 916,000 nonfarm jobs in March, the strongest gains since August, while the unemployment rate edged down 0.2 percentage point from February to 6.0 percent, the Labor Department said Friday. Growth in nonfarm payrolls exceeded the market consensus of an increase of 647,000, reflecting the continued resumption of economic activity that has been curbed amid the coronavirus pandemic. The department revised upward the nonfarm payrolls growth reported for February from 379,000 to 468,000. The January figure was also up from 166,000 to 233,000. In March, private industry gen…

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HEDGE accordingly