US unemployment rate drops to 3.8%, lowest since pandemic began

The economy of U.S added 678,000 jobs in February, beating economists’ expectations, according to data from the Payroll Nonfarm Employment report.

THE unemployment rate dropped to 3.8%, the lowest since the beginning of the pandemicinformed the Center for Labor Statistics this Friday (4).

It was the best month for job growth since July 2021. The country still needs to generate 2.1 million jobs before reaching the February 2020 level and recouping all losses in the pandemic.

The leisure and hospitality sector, which was hardest hit by layoffs related to Covid-19, was the one that added the most jobs again, with 179,000. Most of these jobs were created in restaurants and bars as Americans continue to venture further to socialize after the wave. omicron at the turn of the year.

In update

Source: CNN Brasil

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