The unemployment rate has tumbled more than the Federal Reserve and many forecasters had projected, handing President JoeBiden some good economic news.
The unemployment rate fell two-tenths of a percentage point to 3.6% in March, a more aggressive drop than expected. Joblessness is now at the lowest level since right before the COVID-19 pandemic struck, when it was resting at about 3.5%. The unemployment rate has ticked down nearly every month over the last two years.
Another sign from Friday's report that the labor market is tightening is the increase in the number of working-age people with jobs. The employment rate for workers aged 25 to 54 is on track to hit its pre-pandemic level this spring.“The overall labor force participation rate didn’t move much last month, but the rate for prime-age workers increased.
“Our economy has gone from being on the mend to being on the move,” Biden added, while attributing the growth to the Democratic $1.9 trillion coronavirus relief legislation.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The Hot Jobs Market Could Mean Big Gains for March Payrolls and WagesThe economy is expected to have added nearly a half million jobs in March, and wage gains also likely picked up at a hotter pace.
Leer más »
Report: Jen Psaki Leaving White House for Peacock Streaming ShowWhite House press secretary Jen Psaki plans to leave the White House in May to host a show on NBC’s Peacock streaming platform, according to a report.
Leer más »
Jen Psaki Is Reportedly Pivoting to PunditSources say she’s leaving her role as White House press secretary for MSNBC next month.
Leer más »