The March jobs report shows we are continuing our historic recovery. The report shows that the unemployment rate has hit a new pandemic-era low of 3.6% as well as robust job growth in the industries hit hardest by the pandemic like hospitality, retail, and manufacturing. With COVID-19 cases plummeting and restrictions being lifted across the country, America added 431,000 jobs – showing strong gains and continued momentum for President Biden’s economic agenda. American Bridge is touting the Biden-Harris Administration’s economic record by running TV ads that highlight the President’s accomplishments in the key states of Arizona, Georgia, Nevada, and Pennsylvania.
Thanks to President Biden and congressional Democrats’ American Rescue Plan and Bipartisan Infrastructure Bill, our economy is making an extraordinarily strong recovery with experts saying that “the country is on pace to bounce back from the pandemic recession almost eight years faster than it took to recover from the Great Recession.”
Read the coverage:
New York Times: “The economy has recuperated more than 90 percent of the 22 million jobs lost at the peak of the pandemic’s impact on the economy in the spring of 2020 — a far swifter rebound than forecasters initially expected.”
CNN: “America’s labor market is roaring back, adding another 431,000 jobs in March and bringing the unemployment rate to a new pandemic-era low of 3.6%, the Bureau of Labor Statistics reported Friday…The economy is now just 1.6 million jobs short of where it was in February 2020, before the pandemic hit. That means the country is on pace to bounce back from the pandemic recession almost eight years faster than it took to recover from the Great Recession.”
Axios: “The post-pandemic job market boom continues. That’s the takeaway from the March numbers, out this morning.”
Associated Press: “The government’s report Friday showed that last month’s job growth helped shrink the unemployment rate to 3.6%. That’s the lowest rate since the pandemic erupted two years ago and just above the half-century low of 3.5% that was reached two years ago.”
Yahoo News: “Leisure and hospitality employers added back 112,000 jobs to build on a jump of 179,000 from February, with more job growth seen in food services and drinking venues at 61,000, and accommodation at 25,000. Notably, retail trade employment rose by 49,000 to reach 278,000 above its level in February 2020. The manufacturing industry saw 38,000 new jobs added or created during the period.”
Wall Street Journal: “U.S. job growth continued at a robust pace in March while the unemployment rate fell, as the Covid-19 pandemic’s grip on the labor market recedes and more workers return to the labor force.”
Washington Post: “The national unemployment rate fell to a pandemic low of 3.6 percent in March, as employers added 431,000 jobs, further bolstering the most rapid labor market rebound on record.”
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Published: Apr 1, 2022 | Last Modified: Apr 6, 2022