US economy has added more jobs in March 2021 than was expected

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The US economy has added 916,000 jobs last month, much more than was expected. The uneployment rate felt from 6.2% to 6%.

This means that the economy is continuing and accelerating its recovery from the COVID-19 pandemic. Job growth has been seen not only in the service sector but also in other sectors, such as manufacturing.

Data: FRED / Created with amCharts

At the same time, the biggest drop in the unemployment rate is seen among people without higher education. In this group, unemployment fell from 10.1% to 8.2%.

However, employment is still 3.8 million lower than before the pandemic, which means that the U.S. economy still has some serious room for post-pandemic recovery.

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