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The U.S. economy added 431K jobs in March, leaving the workforce 1.6M jobs shy of pre-pandemic levels.
The Bureau of Labor Statistics (BLS) released its jobs report for March 2021, which found the U.S. economy added 431,000 jobs and the unemployment rate declined by 0.2 percentage points to 3.6%.
With March’s gains, overall employment in the U.S. economy is down by 1.6 million jobs, or 1%, from its pre-pandemic level in February 2020.
Jobs Report Sector Breakdown
- Leisure and hospitality added 112,000 jobs in March with growth in food services and drinking places (+61,000) and accommodation (+25,000). Employment in the sector is down by 1.5 million jobs, or 8.7%, since February 2020.
- Retail added 49,000 jobs with gains in general merchandise stores (+20,000) and food and beverage stores (+18,000). Retail employment is 278,000 jobs above its February 2020 level.
- Social assistance added 25,000 jobs with the gain concentrated in individual and family services (+18,000). The sector is down 126,000 jobs, or 2.9%, from its February 2020 level.
Check the full breakdown here.
How do you feel about the state of the job market?
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