US Adds 431K Jobs in March, as Unemployment Rate Nears Pre-Pandemic Level

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US Adds 431K Jobs in March, as Unemployment Rate Nears Pre-Pandemic Level

The labor market is still scrambling with labor shortages as a result from the pandemic, which left 10.9 million jobs vacant at the end of 2021. But t

The labor market is still scrambling with labor shortages as a result from the pandemic, which left 10.9 million jobs vacant at the end of 2021. But the employment situation summary signals a strong recovery from pandemic-levels as the labor market continues to add jobs. Right before Covid hit, the unemployment rate stood at 3.5%, only slightly lower than the March rate.

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