US job growth accelerates in March; unemployment rate drops to 6.0%
US employers hired more workers than expected in March, spurred by increased vaccinations and more money to alleviate the government’s pandemic, cementing expectations that an economic boom was underway.
Non-farm payroll increased by 916,000 jobs last month, the Labor Department said on Friday. That was the biggest gain since last August.
February data was revised upwards to show 468,000 jobs created instead of the 379,000 previously reported.
Economists consulted by Reuters predicted payroll increase by 647,000 jobs in March.
Unemployment rate fell to 6.0% last month 6.2% in February.
(Reuters; photo: Olivier DOULIERY / AFP)