Mon, 03 Oct 2022

Unemployment falls to 6%, food and beverage fill most jobs

Robert Besser
07 Apr 2021, 14:34 GMT+10

WASHINGTON D.C.: Unemployment in the United States fell in March to 6 percent, while some 916,000 jobs were added to the economy, according to the Department of Labor.

Friday's report added to the growing optimism that the end of the pandemic is approaching in the United States, as larger number of Americans receive the Covid vaccination.

Prior to the pandemic striking America, the U.S. unemployment rate was at a record low 3.5 percent.

"These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic," the government said Friday. "Job growth was widespread in March, led by gains in leisure and hospitality, public and private education, and construction."

Of note, 280,000 jobs were added last month in food services and bars.

Also, 76,000 jobs were filled in public and private education. And 110,000 jobs were filled in the construction industry.

The increases in employment in the leisure and hospitality sector is "a good indication that employers in that sector are starting to feel more optimistic about at least the medium to short term future," Nick Bunker, the director of economic research at hiring site Indeed, told ABC News.

"Gains there are very good, because not only is that an indication that there's some optimism there, but also those are the kinds of jobs that have been hit hardest," he added.

More Turkey News

Access More

Sign up for The Turkey News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!