The economy of U.S added 431,000 jobs in March, leading to unemployment rate for a new low in the pandemic, of 3.6%, informed the Center for Labor Statistics this Friday (1st). It is the lowest value since February 2020, when it reached 3.8%.
Job gains were smaller than economists had expected, but still represented a strong first quarter for the labor market from United States.
The February figure was revised up to show 750,000 job creations instead of the 678,000 previously reported.
The economy is now just 1.6 million jobs down from where it was in February 2020, before the pandemic.
Several labor market measures are already close to pre-Covid-19 levels. This includes the total number of unemployed, which dropped to 6 million in March, as well as the number of permanent unemployed, which dropped to 1.4 million.
As the situation normalizes and workers return to offices, the number of people working remotely because of the pandemic has also declined, dropping to 10% in March from 13% in February.
On the other hand, the average value of wages accelerated again, which leaves the Federal Reserve in a position to raise interest rates by 0.5 percentage point at the May meeting.
With information from Reuters
Source: CNN Brasil
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