U.S. Jobs Market Thumps Forecasts With 678,000 New Hires on Payrolls
https://www.thedailybeast.com/us-jobs-market-thumps-forecasts-with-678000-new-hires-on-payrolls
The U.S. jobs market maintained its strong showing last month by adding 678,000 jobsa figure way higher than economists had predicted. The jobless rate also slipped to just 3.8 percent, according to figures from the Labor Department that are the lowest since before the pandemic.
However,
CNN reports there are still 2.1 million fewer jobs than there were before the pandemic decimated the economy back in March 2020. Nick Bunker, an economist at Indeed, told
The Wall Street Journal: The labor market continues to be quite hot... It looks like the labor market is still primed for lots of strong employment growth. The figures were recorded before Russias invasion of Ukraine, and the subsequent spike in oil prices could hit next months jobs numbers.
Read it at The Wall Street Journal