U.S. adds 916,000 jobs, payrolls increased
With a 6 per cent unemployment rate, the U.S. economy is making a return to the 50-year lows seen before the pandemic, according to the Bureau of Labour Statistics.
Payrolls also saw an increase. January’s payroll change was revised to 233,000 from the 166,000 previously reported, and February's job growth totalled 468,000, up from the 379,000 previously reported.
Leisure and hospitality sectors added the most, rising to 280,000 jobs, and construction firms came second, with 110,000 jobs. ■