US recovery picks up speed as employment surges 916,000 in March

Washington (AFP) – The US pandemic recovery picked up speed in March with a massive rebound in employment, according to government data released Friday, gains driven by business reopenings and accelerating vaccinations. But the data also show the signs of remaining damage after more than a year of shutdowns and restrictions due to Covid-19. The economy regained 916,000 jobs in March, the biggest increase since August, with nearly a third of the increase in the hard-hit leisure and hospitality sector, the Labor Department reported. The rise in hiring pushed the unemployment rate down to 6.0 per…

Read More

HEDGE accordingly