- The March jobs report shows a strong, broad-based gain in private payrolls.
- The strong report is consistent with other signs that the economic recovery from the government lockdowns in 2020 is gaining momentum as the restrictions on consumers and businesses are lifted.
- However, the damage done by the lockdowns was severe; for nearly all private industries, employment is still below pre-pandemic levels, quite substantially below in some cases, and is likely to take a significant amount of time to fully recover.
For further details see:
Broad Strength In The Labor Market In March