April 1, 2022
Even if you get all the unemployed workers back, it still leaves a gap. We need to attract people back into the workforce.CEO Karen Fichuk, staffing company Randstad North America, on America’s job market. A new jobs report shows more than 400,000 jobs created in March and an unemployment rate of 3.6%.
- The economy added 431,000 jobs last month — below expectations of 490,000. However, the previous month’s data was revised to be higher than reported.
- The unemployment rate dropped to 3.6%.
- Jobs gains in hospitality, retail, and construction: “Construction jobs rose by 19,000 and have now returned to their pre-pandemic level.”
- Why It Matters: America has added more than 400,000 jobs per month for the last 11 months, but America’s workforce remains smaller than before the pandemic — leaving many businesses looking for workers. Reasons for this? Some suggest a combination of lingering concerns about the pandemic and the need for childcare.
US added 431,000 jobs in March in sign of economic health
Jobs rose 431,000 in March despite worries over slowing economy
by Jenna Lee,