U.S. economy added 916,000 jobs in March, crushing expectations

[Quixote1818]

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President Biden at his first Cabinet meeting yesterday. Photo: Drew Angerer/Getty Images

The U.S. economy added a whopping 916,000 jobs last month, while the unemployment rate fell to 6% from 6.2%, the government said on Friday.

Why it matters: The blowout job gains show how vaccines and the economic reopening are juicing the battered labor market. Economists had been expecting an increase of 675,000.

It comes after the economy added 379,000 jobs in February, far outpacing expectations.
President Biden signed a $1.9 trillion COVID relief package on March 11, which is expected to add another boost to the recovery.

More: https://www.axios.com/march-jobs-report-172d4ab7-65b6-4ceb-aa26-9ebc02477006.html?fbclid=IwAR0l3osaiV_JsmCldQmYkFMPQWgx57pDGuqvfsTgOl2QKBUvKbTGTgaAAMc

[Grins]

1. Keep this up! It will help the D's in the mid-terms!

And without that success, le déluge!

And without success/improvement in the mid-term you could lose the House and the Senate.

[Quixote1818]

2. Agree. nt

[TlalocW]

3. Now don't all attack me - this is an honest question

But I never really give presidents too much credit for this first year (at least until the end of the fiscal year) since we're still operating on the past president's budget. Am I wrong?

TlalocW

[Lochloosa]

4. Totally different this time. I understand where your coming from.

But the stimulus and vaccine rollout has a lot to do with this

[DrToast]

5. In all honesty, Presedential policies only have a modest impact on the economy

Most of the performance of the economy is subject to the whims of the business cycle.

[Upthevibe]

6. Quixote1818

Great news!

[Johnny2X2X]

7. Joe went big

And he targeted working people and small businesses for the help. The economy is going to roar this year.